(University of Oregon, 1938-06) Walker, Esther Christensen
Ricardo, father of the orthodox theory of the gold,
standard, asserts; "Gold and silver having been chosen
for the general medium of circulation, they are by the
competition of commerce distributed in such proportions
amongst the different countries of the world as to accommodate
themselves to the natural traffic which would
take lace if no such metals existed, and trade between
countries were purely a trade of barter."
