Investing · Western classics
David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 251
David Ricardo《On the Principles of Political Economy and Taxation》· On the Principles of Political Economy and Taxation · Investing
The discovery of machinery, which materially improves home manufactures, always tends to raise the relative value of money, and therefore to encourage its importation. All taxation, all increased impediments, either to the manufacturer, or the grower of commodities, tend on the contrary to lower the relative value of money, and therefore to encourage its exportation.
Source：
https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 251 · Verified：2026-10-19 · Verification：Short excerpt
Today's question
Does this passage change one judgment about money or risk today?
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