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Principles of Political Economy, Vol. 2

Note 183-1 — Chapter IV

John J. (John Joseph) Lalor translation

It is one of Ricardo's (Principles, ch. 21) chief merits, that he demonstrated the groundlessness of the opinion that the mere increase of capital must, on account of the competition of capitalists, lower the rate of interest, as is assumed by Adam Smith, I, ch. 9, J. B. Say, Traité, II, 8, and others. Compare also, John Stuart Mill, Principles, IV, ch. IV, 1.

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