Specie Flow Mechanism

Some articles on specie flow mechanism, flow:

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 ... standard had a positive balance of trade, gold would flow into the country in the amount that the value of exports exceeds the value of imports ... a country had a negative balance of trade, gold would flow out of the country in the amount that the value of imports exceeds the value of exports ...

Famous quotes containing the words mechanism and/or flow:

    When one of us dies of cancer, loses her mind, or commits suicide, we must not blame her for her inability to survive an ongoing political mechanism bent on the destruction of that human being. Sanity remains defined simply by the ability to cope with insane conditions.
    Ana Castillo (b. 1953)

    Our sense of these things changes and they change,
    Not as in metaphor, but in our sense
    Of them. So sense exceeds all metaphor.
    It exceeds the heavy changes of the light.
    It is like a flow of meanings with no speech
    And of as many meanings as of men.
    Wallace Stevens (1879–1955)