David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 177

Any improvement in the facility of working the mines, by which the precious metals may be produced with a less quantity of labour, will sink the value of money generally. It will then exchange for fewer commodities in all countries; but when any particular country excels in manufactures, so as to occasion an influx of money towards it, the value of money will be lower, and the prices of corn and labour will be relatively higher in that country, than in any other.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 177 · Verified：2026-10-19 · Verification：Short excerpt

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