Price–specie flow mechanism
The price–specie flow mechanism is a logical argument by David Hume (1711–1776) against the Mercantilist idea that a nation should strive for a positive balance of trade, or net exports. The argument considers the effects of international transactions in a gold standard, a system in which gold is the official means of international payments and each nation’s currency is in the form of gold itself or of paper currency fully convertible into gold.
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Price–specie flow mechanism
The price–specie flow mechanism is a logical argument by David Hume (1711–1776) against the Mercantilist idea that a nation should strive for a positive balance of trade, or net exports. The argument considers the effects of international transactions in a gold standard, a system in which gold is the official means of international payments and each nation’s currency is in the form of gold itself or of paper currency fully convertible into gold.
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El mecanismo de flujo especie- ...... prolongado período de tiempo.
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The price–specie flow mechanis ...... n circulation in each country.
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Unter Goldautomatismus wird ei ...... tandards bis 1914 zum Einsatz.
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744,653,984
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El mecanismo de flujo especie- ...... prolongado período de tiempo.
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The price–specie flow mechanis ...... y fully convertible into gold.
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Unter Goldautomatismus wird ei ...... tandards bis 1914 zum Einsatz.
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Goldautomatismus
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Mecanismo de flujo especie-dinero
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Price–specie flow mechanism
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