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 180by David Ricardo, John Ramsay McCulloch - 1886 - 584 pagesFull view - About this book
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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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