Principles of Political Economy and Taxation

Dados Bibliográficos

ID9717037
AutoresJohn Neville Keynes, David Ricardo, E C K Gonner
Ano1891
Volume1
Fascículo4
Páginas769
Data de publicação1891-12-01
Peer ReviewedSim
Open AccessNão
TipoREVIEW
PeriódicoThe Economic Journal (JOURNAL)
Identificadores do periódicoISSN: 0013-0133 • E-ISSN: 1468-0297
EditoraOxford University Press (OUP) (PUBLISHER)
DOI10.2307/2956087
OpenAlexW2043246188
IdiomaEN
Citações recebidas3

The same rule which regulates the relative value of commodities in one country does not regulate the relative value of the commodities exchanged between two or more countries.Under a system of perfectly free commerce, each country naturally devotes its capital and labor to such employments as are most beneficial to each. This pursuit of individual advantage is admirably connected with the universal good of the whole. By stimulating industry, by rewarding ingenuity, and by using most efficaciously the peculiar powers bestowed by nature, it distributes labor most effectively and most economically: while, by increasing the general mass of productions, it diffuses general benefit, and binds together, by one common tie of interest and intercourse, the universal society of nations throughout the civilised world. It is this principle which determines that wine shall be made in France and Portugal, that corn sell be grown in America and Poland, and that hardware and other goods shall be manufactured in England

Economic system · Economics · Political economy · Political science · Politics · Economic and Fiscal Studies · Law