Three Lectures on the Transmission of the Precious Metals from Country to Country and the Mercantile Theory of Wealth: Delivered Before the University of Oxford, in June, 1827
J. Murray, 1828 - 96 pages
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advantages afford alteration amount annual appear average bank bullion called capital capitalist causes circulation circumstances coin commerce commodities consequences consider continue corn cost course currency demand depend diminish diminution direct effect employed enable England English equal exchange existing expense export extent fact fall five force foreign France French give given gold gold and silver greater hands hundred immediate importation income increase individual industry issue keep labour Lecture less livres loss manufacturer means Mexico millions miner mines necessary nominal notes obtained occasion ounces paid payment persons plate portion possessed pounds precious metals present principles probably produce profit prohibited proportion purchase quantity raise receive remain rent restrictions rise sell silver sterling supply suppose things tion trade wages wanted wealth whole worth
Page 79 - That the maxim of buying in the cheapest market, and selling in the dearest, which regulates every merchant in his individual dealings, is strictly applicable as the best rule for the trade of the whole nation.
Page 86 - ... objectionable be suggested ; but it is against every restrictive regulation of trade not essential to the revenue, against all duties merely protective from foreign competition, and against the excess of such duties as are partly for the purpose of revenue, and partly for that of protection, that the prayer of the present petition is respectfully submitted to the wisdom of Parliament...
Page 2 - Made and Printed by the Replika Process in Great Britain by Percy Lund, Humphries & Co.
Page 102 - ... also. If then in this medium, which had not varied in value, the wages of the labourer should be found to have fallen, it will not the less be a real fall because they might furnish him with a greater quantity of cheap commodities than his former wages.
Page 2 - It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy.
Page 85 - ... petitioners cannot expect so important a branch of it as the customs to be given up, nor to be materially diminished, unless some substitute less objectionable be suggested, but it...
Page 23 - The gold and silver money which circulates in any country may very properly be compared to a highway, which, while it circulates and carries to market all the grass and corn of the country, produces itself not a single pile of either.
Page 82 - And the same train of argument, which, with corresponding prohibitions and protective duties, should exclude us from foreign trade, might be brought forward to justify the re-enactment of restrictions upon the interchange of productions (unconnected with public revenue) among the kingdoms composing the union, or among the counties of the same kingdom. " That an investigation of the effects of the restrictive system...
Page 78 - That foreign commerce is eminently conducive to the wealth and prosperity of a country, by enabling it to import the commodities, for the production of which the soil, climate, capital, and industry of other countries are best calculated, and to export in payment those articles for which its own situation is better adapted.