Dudley North Quotes

It will be found, that as some particular Men in a Town grow richer, and thrive better than others; so also do Nations, who by Trade serving the occasions of their Neighbors, supply themselves with what they have occasion for from abroad; which done, the rest is laid up, and is Silver, Gold, etc. for as I said, these being commutable for everything, and of small bulk, are still preferr'd to be laid up, till occasion shall call them out to supply other Necessaries wanted.

 
Context
“Laid up” means “saved”. “Commutable”means fungible—gold and silver can buy anything else.
Citations

Dudley North, 1641-1691, English Economist, Discourses Upon Trade 1691

Eigen's Political and Historical Quotations


Dudley North
Dudley North
  • Born: May 10, 1641
  • Died: December 31, 1691
  • Nationality: English
  • Profession: Economist

Sir Dudley North was an English merchant, politician and economist, a writer on free trade.

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