 | David Ricardo - 1810 - 64 pages
...! Profits can only be lowered bj a competition of capitals not consisting of circulating medium. As the increase of Bank-notes does not add to this species...it cannot add to our profits nor lower interest*. When any one borrows money for the purpose of entering into trade, he borrows it as a medium by which... | |
 | John Ramsay McCulloch - 1857 - 718 pages
...lowered by a competition of capitals not consisting of circulating medium. As the increase of bank notes does not add to this species of capital, as it neither...it cannot add to our profits nor lower interest.* * I have already allowed that the Bank, as far as they enable us to turn our corn into " materials,... | |
 | David Ricardo, John Ramsay McCulloch - 1886 - 688 pages
...lowered by a competition of capitals not consisting of circulating medium. As the increase of bank notes does not add to this species of capital, as it neither...it cannot add to our profits nor lower interest.* When any one borrows money for the purpose of entering into trade, he borrows it as a medium by which... | |
 | David Ricardo - 1923 - 360 pages
...lowered by a competition of capitals not consisting of circulating medium. As the increase of bank notes does not add to this species of capital, as it neither...it cannot add to our profits nor lower interest.* When any one borrows money for the purpose of entering into trade, he borrows it as a medium by which... | |
 | James C. W. Ahiakpor - 2003 - 278 pages
...us! Profits can only be lowered by a competition of capitals not consisting of circulating medium. As the increase of Bank-notes does not add to this species...materials, it cannot add to our profits nor lower interest [in the long run].9 (Ricardo Works, 3: 92) Ricardo reiterates the point in his Principles thus: . .... | |
 | David Ricardo - 2006 - 133 pages
...us! Profits can only be lowered by a competition of capitals not consisting of circulating medium. As the increase of Bank-notes does not add to this species...materials, it cannot add to our profits nor lower interest. (11*) When any one borrows money for the purpose of entering into trade, he borrows it as a medium... | |
 | David Ricardo, John Ramsay McCulloch - 2000 - 636 pages
...lowered by a competition of capitals not consisting of circulating medium. As the increase of bank notes does not add to this species of capital, as it neither...it cannot add to our profits nor lower interest.* When any one borrows money for the purpose of entering into trade, he borrows it as a medium by which... | |
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... reduced; no nation, but by similar means, could enter into competition with us, we should engross the trade of the world. To what absurdities would not such a theory lead us! Profits can only be lowered by a competition of capitals not consisting... 