David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 170

In the former part of this work, we have assumed for the purpose of argument, that money always continued of the same value; we are now endeavouring to shew that besides the ordinary variations in the value of money, and those which are common to the whole commercial world, there are also partial variations to which money is subject in particular countries; and in fact, that the value of money is never the same in any two countries, depending as it does on relative taxation, on manufacturing skill, on the advantages of climate, natural productions, and many other causes.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 170 · Verified：2026-10-19 · Verification：Short excerpt

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