 | John Ramsay McCulloch - 1859 - 656 pages
...proportion it may truly be affirmed, that our sailors, 6 freighters, * This is spoken with respect to the -ultimate balance of trade. For in reference...beneficial to the nation, where the imports exceed the exports, and consequently the balance paid in specie, if that trade, directly or indirectly, is necessary... | |
 | 1905 - 590 pages
...seinem »Essay on Trade« nicht konsequent an dieser Auffassung von der Bedeutung des Geldes 1 ) S. II : A Trade may be beneficial to the Nation, where the Imports exceed the Exports, and consequently the Balance paid in Specie, if that Trade, directly or indirectly, is necessary... | |
 | Theodore Harding Boggs - 1922 - 240 pages
...advantages and disadvantages of foreign trade, published about 1750. x He declared in one passage that: "A trade may be beneficial to the nation, where the imports exceed the exports, and consequently the balance paid in specie, if that trade, directly or indirectly, is necessary... | |
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This is spoken with respect to the -ultimate balance of trade. For in reference to the intermediate balance, it doth not always hold true. A trade may be beneficial to the nation, where the imports exceed the exports, and consequently the balance paid... 