The Principles of Political Economy with some of t

第31章

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第31章

The Principles of Political Economy with some of t 佚名

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The Principles of Political Economy with some of t
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  \"Theconverseofallthiswouldhavehappened,if,insteadof800times17yards,wehadsupposedthatEngland,attherateof10for17,wouldhavetaken1200times17yardsoflinen。Inthiscase,itisEnglandwhosedemandisnotfullysupplied;itisEnglandwho,bybiddingformorelinen,willaltertherateofinterchangetoherowndisadvantage;and10yardsofclothwillfall,inbothcountries,belowthevalueof17yardsoflinen。Bythisfallofcloth,orwhatisthesamething,thisriseoflinen,thedemandofGermanyforclothwillincrease,andthedemandofEnglandforlinenwilldiminish,tilltherateofinterchangehassoadjusteditselfthattheclothandthelinenwillexactlypayforoneanother;andwhenoncethispointisattained,valueswillremainwithoutfurtheralteration。\"Itmayheconsidered,therefore,asestablished,thatwhentwocountriestradetogetherintwocommodities,theexchangevalueofthesecommoditiesrelativelytoeachotherwilladjustitselftotheinclinationsandcircumstancesoftheconsumersonbothsides,insuchmannerthatthequantitiesrequiredbyeachcountry,ofthearticleswhichitimportsfromitsneighbour,shallbeexactlysufficienttopayforoneanother。Astheinclinationsandcircumstancesofconsumerscannotbereducedtoanyrule,soneithercantheproportionsinwhichthetwocommoditieswillbeinterchanged。Weknowthatthelimitswithinwhichthevariationisconfined,aretheratiobetweentheircostsofproductionintheonecountry,andtheratiobetweentheircostsofproductionintheother。Tenyardsofclothcannotexchangeformorethan20yardsoflinen,norforlessthan15。

  Buttheymayexchangeforanyintermediatenumber。Theratios,therefore,inwhichtheadvantageofthetrademaybedividedbetweenthetwonations,arevarious。Thecircumstancesonwhichtheproportionateshareofeachcountrymoreremotelydepends,admitonlyofaverygeneralindication。

  \"Itisevenpossibletoconceiveanextremecase,inwhichthewholeoftheadvantageresultingfromtheinterchangewouldbereapedbyoneparty,theothercountrygainingnothingatall。

  Thereisnoabsurdityinthehypothesisthat,ofsomegivencommodity,acertainquantityisallthatiswantedatanyprice;

  andthat,whenthatquantityisobtained,nofallintheexchangevaluewouldinduceotherconsumerstocomeforward,orthosewhoarealreadysupplied,totakemore。LetussupposethatthisisthecaseinGermanywithcloth。BeforehertradewithEnglandcommenced,when10yardsofclothcostherasmuchlabouras20

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