David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 72

From whatever cause it may have proceeded, the effect has been so slow and gradual, that little practical inconvenience has been felt from gold and silver being the general medium in which the value of all other things is estimated. Though undoubtedly a variable measure of value, there is probably no commodity subject to fewer variations. This and the other advantages which these metals possess, such as their hardness, their malleability, their divisibility, and many more, have justly secured the preference every where given to them, as a standard for the money of civilized countries.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 72 · Verified：2026-10-19 · Verification：Short excerpt

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