David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 166

To simplify the question, I have been supposing the trade between two countries to be confined to two commodities, to wine and cloth, but it is well known that many and various articles enter into the list of exports and imports. By the abstraction of money from one country, and the accumulation of it in another, all commodities are affected in price, and consequently encouragement is given to the exportation of many more commodities besides money, which will therefore prevent so great an effect from taking place on the value of money in the two countries, as might otherwise be expected.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 166 · Verified：2026-10-19 · Verification：Short excerpt

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