All those who, since Adam Smith, have turned their attention to Political Economy, agree that in reality we do not buy articles of consumption with money, the circulating medium with which we pay for them. We must in the first instance have bought this money itself by the sale of our produce.


Letters to Thomas Robert Malthus on Political Economy and Stagnation of Commerce (ed. 1936)


All those who, since Adam Smith, have turned their attention to Political Economy, agree that in reality we do not buy articles of consumption with...

All those who, since Adam Smith, have turned their attention to Political Economy, agree that in reality we do not buy articles of consumption with...

All those who, since Adam Smith, have turned their attention to Political Economy, agree that in reality we do not buy articles of consumption with...

All those who, since Adam Smith, have turned their attention to Political Economy, agree that in reality we do not buy articles of consumption with...