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" In fact the portableness of the precious metals and the universality of the demand for them render the whole commercial world one country, in which bullion is the money and the inhabitants of each nation form a distinct class of labourers. "
Three lectures on the cost of obtaining money, and on some effects of ... - Page 12
by Nassau William Senior - 1830
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Hints on Wages, the Corn Laws, High and Low Prices, Paper-money, and Banking ...

James H. Renny, Nassau William Senior - 1832 - 416 pages
...ing the result of a given quantity of labour, " the current rate of profit, and, in each indi" vidual case, the amount of the wages which " have been paid,...produced. And, " consequently, that if one man can by supe" rior diligence, or superior skill, or by the " assistance of a large capital, or by deferring...
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The Theory of International Trade: With Some of Its Applications to Economic ...

Charles Francis Bastable - 1887 - 196 pages
...important contribution ; and the true theory, as a whole, is almost stated in the assertion that " the portableness of the precious metals, and the universality...inhabitants of each nation form a distinct class of labourers."9 JS Mill set forth the next improvement in the theory by his discussion of the conditions...
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The Theory of International Trade: With Some of Its Applications to Economic ...

Charles Francis Bastable - 1897 - 288 pages
...contribution ; and the true theory, as a whole, is almost stated in the assertion that "the portableuess of the precious metals, and the universality of the...of each nation form a distinct class of labourers." *• The next advance in the theory was supplied by JS Mill in his discussion of the conditions determining...
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The theory of international trade

Charles Francis Bastable - 1903 - 220 pages
...an important contribution ; and the true theory, as a whole, is almost stated in the assertion that "the portableness of the precious metals, and the...of each nation form a distinct class of labourers." 3 The next advance in the theory was supplied by JS Mill in his discussion of the conditions determining...
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Palgrave's Dictionary of Political Economy, Volume 3

Robert Harry Inglis Palgrave, Henry Higgs - 1926 - 886 pages
...TRADED. t>.) Senior, in his Lecture on the Cost of Oitetntn/7 Money, took the first step beyond RICAKDO. "The portableness of the precious metals and the universality of the demand for them renders the whole commercial world one country, in which bullion is the money, and the inhabitant of...
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