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" What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom. If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it of them with some part of the produce of our... "
The Works of David Ricardo - Page 180
by David Ricardo, John Ramsay McCulloch - 1886 - 584 pages
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The Classical Economists Revisited

Denis Patrick O'Brien - Business & Economics - 2004 - 458 pages
...is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom. If a foreign country can supply us with a commodity...industry, employed in a way in which we have some advantage.3 The advantage of buying from the cheapest source was then one of the major advantages of...
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Dynamics of International Relations: Conflict and Mutual Gain in an Era of ...

Walter C. Clemens - Political Science - 2004 - 772 pages
...frequently promotes that of the society more effectually than when he really intends to promote it." us with a commodity cheaper than we ourselves can...employed in a way in which we have some advantage." Still, Smith approved government intervention in three cases: (1) Defense: Britain should try to give...
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Social Problems in a Free Society: Myths, Absurdities, and Realities

Myles J. Kelleher - Education - 2004 - 346 pages
...is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom. If a foreign country can supply us with a commodity...buy it of them with some part of the produce of our industry, employed in a way in which we have some advantage. If other nations are willing to sell us...
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On Adam Smith's Wealth of Nations: A Philosophical Companion

Samuel Fleischacker - Philosophy - 2009 - 352 pages
...is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom. If a foreign country can supply us with a commodity...than we ourselves can make it, better buy it of them. (WN 456-7)10 Smith wants economics to make ready sense to us; he wants to show how its fundamental...
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The Political Junkie Handbook

Michael Crane - United States - 2004 - 652 pages
...lower wealth for the many. " Walter Williams "No nation was ever ruined by trade." Benjamin Franklin "If a foreign country can supply us with a commodity cheaper than we ourselves can make it, we had better buy it of them with some part of our own industry, employed in a way in which we have...
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International Human Resource Management

Anne-Wil Harzing, Joris Van Ruysseveldt - Business & Economics - 2004 - 522 pages
...is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom. If a foreign country can supply us with a commodity cheaper than we ourselves can meke it, better buy it of them with some pert of the produce of our own industry, employed in a way...
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Die Konvergenz der Rechtssysteme im Recht der Aktionäre: ein Beitrag zur ...

Mathias M. Siems - Law - 2005 - 612 pages
...is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom. If a foreign country can supply us with a commodity...employed in a way in which we have some advantage."), 107 Dazu z. B. Larsson (2001 ); Norberg (2003), einen unilateralen Politikstil verfolgt oder protektionistische...
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Geography: Focus on Economics

George G. Watson, Vernon Domingo, Margaret Landman, Glenn Miller, Carlyjane Watson (D.), Martha C. Hopkins - Education - 1996 - 126 pages
...is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom. If a foreign country can supply us with a commodity...employed in a way in which we have some advantage. Ask the students whether Smith is in favor of or against international trade. Ask the students to summarize...
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Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System

Raymond W. Baker - Business & Economics - 2005 - 288 pages
...certainly most likely to do so when its neighbors are all rich, industrious and commercial nations."21 "If a foreign country can supply us with a commodity...industry, employed in a way in which we have some advantage."22 Monopolies in any form act to raise prices. "The price of monopoly is upon every occasion...
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The Squashed Philosophers

Glyn Lloyd-Hughes - 2005 - 412 pages
...is prudence in the conduct of every private family, can scarce be folly In that of a great kingdom. If a foreign country can supply us with a commodity...with some part of the produce of our own industry. The general industry of the country being always in proportion to the capital which employs it, will...
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