David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 163

Both countries would probably find it their interest to make their own wine and their own cloth; but this singular result would take place: in England, though wine would be cheaper, cloth would be elevated in price, more would be paid for it by the consumer; while in Portugal the consumers, both of cloth and of wine, would be able to purchase those commodities cheaper. In the country where the improvement was made, prices would be enhanced; in that where no change had taken place, but where they had been deprived of a profitable branch of foreign trade, prices would fall.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 163 · Verified：2026-10-19 · Verification：Short excerpt

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