David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 300

Agriculture like all other trades, and particularly in a commercial country, is subject to a re-action, which, in an opposite direction, succeeds the action of a strong stimulus. Thus, when war interrupts the importation of corn, its consequent high price attracts capital to the land, from the large profits which such an employment of it affords; this will probably cause more capital to be employed, and more raw produce to be brought to market than the demands of the country require. In such case, the price of corn will fall from the effects of a glut, and much agricultural distress will be produced, till the average supply is brought to a level with the average demand.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 300 · Verified：2026-10-19 · Verification：Short excerpt

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