<p>As we discussed in the comments, in  William Jacob's <a href="https://archive.org/stream/historicalinquir02jacorich/historicalinquir02jacorich_djvu.txt" rel="nofollow noreferrer">An Historical Inquiry Into the Production, and Consumption of the Precious Metals</a>, on page 101 it says</p>

<blockquote>
  <p>It is probable that in all ages those metals have cost more in their
  production than their value ever repaid.</p>
</blockquote>

<p>This is the likely source of the quote.</p>

CC BY-SA 4.0
2019-12-07T19:11:04.537Z
2019-12-07T19:11:04.537Z
Giskard
<p>In Karl Marx "Das Kapital", in Ch I.1 we find this quote </p>

<blockquote>
  <p>"Jacob questions whether gold has ever been paid for at its full
  value."</p>
</blockquote>

<p>Is Jacob Vanderlint? Where in his book “Money Answers all Things” is that claim about gold's value?</p>

CC BY-SA 4.0
2019-12-06T12:42:27.960Z
I am just guessing based on some Googling, but William Jacob's [An Historical Inquiry Into the Production, and Consumption of the Precious Metals](https://www.biodiversitylibrary.org/item/72058#page/399/mode/1up) seems more likely. I don't have the line corresponding to the quote however.
Giskard
CC BY-SA 4.0
2019-12-07T14:20:12.457Z
@Giskard Well googled!!! Vol. II, p. 101. Could you please write it as an answer so I can accept it?
tatojo
CC BY-SA 4.0
2019-12-07T14:39:33.747Z
You found the page, credit goes to you: please type in all the info in our comments as an answer, and then you can accept it.
Giskard
CC BY-SA 4.0
2019-12-07T16:13:59.510Z
@Giskard Sorry, credit goes to you, you answer to the question Who is Jacob?, William Jacob, and found the place where he said that.
tatojo
CC BY-SA 4.0
2019-12-07T19:11:40.973Z
Very well, I have posted an answer.
Giskard
<reference-request><history-economic-thought><marxism><gold-standard>
Who is Jacob? And where did he say this?
tatojo
# Who is Jacob? And where did he say this?

(Asked by: username_0 on 2019-12-06)

In Karl Marx "Das Kapital", in Ch I.1 we find this quote

> "Jacob questions whether gold has ever been paid for at its full
> value."

Is Jacob Vanderlint? Where in his book “Money Answers all Things” is that claim about gold's value?

**Tags:** reference-request, history-economic-thought, marxism, gold-standard
> **Comments:**
> **username_1**: I am just guessing based on some Googling, but William Jacob's [An Historical Inquiry Into the Production, and Consumption of the Precious Metals](https://www.biodiversitylibrary.org/item/72058#page/399/mode/1up) seems more likely. I don't have the line corresponding to the quote however.  
> **username_0**: @Giskard Well googled!!! Vol. II, p. 101. Could you please write it as an answer so I can accept it?  
> **username_1**: You found the page, credit goes to you: please type in all the info in our comments as an answer, and then you can accept it.  
> **username_0**: @Giskard Sorry, credit goes to you, you answer to the question Who is Jacob?, William Jacob, and found the place where he said that.  
> **username_1**: Very well, I have posted an answer.  

---

## 1 answers

### Answer by username_1 on 2019-12-07. Score: 1 | Accepted answer

As we discussed in the comments, in William Jacob's [An Historical Inquiry Into the Production, and Consumption of the Precious Metals](https://archive.org/stream/historicalinquir02jacorich/historicalinquir02jacorich_djvu.txt), on page 101 it says

> It is probable that in all ages those metals have cost more in their
> production than their value ever repaid.

This is the likely source of the quote.


---

