...elfe they have occafion for. WHAT is prudence in the conduct of every private family, can fcarce be folly in that of a great kingdom. If a foreign country can fupply us with a commodity cheaper than we ourfelves can make it, better buy it of them with fome part...

...elfe they have occafion for. WHAT is prudence in the conduct of every private family, can fcarce be folly in that of a great kingdom. If a foreign country can fupply us with a commodity cheaper than we ourfelves can make it, better buy it of them with fome part...

...elfe they have occafion for. What is prudence in the conduct of every private family, can fcarce be folly in that of a great kingdom. If a foreign country can fupply us with a commodity cheaper than we ourfelves can make it, better buy it of them with fome part...

...they have occasion for. " What is prudence in the conduct of every private family, can scarcely be folly in that of a great kingdom. If a foreign country...with some part of the produce of our own industry." * If it be the interest of a nation to purchase from a foreign counry when that country sells cheaper...

...it is most readily, and at the lowest price to be had: "If a foreign country" (says Dr.' Smith*) " can supply us with a commodity cheaper than we ourselves...of our own industry, employed in a way in which we iave some advantage ;" it is thus only that the general good of the State is consulted, and its labour...

...main proposition which we at present combat, and to which we here confine ourselves, is, that «lf a foreign country can supply us with a commodity, cheaper than we ourselves can make it, bet— Sweden with iron and copper — Italy and China with silks— Hindustan with silks, cottons...

...have occasion for. «•That which is prudence in the conduct of evafy private family, can scarcely be folly in that of a great kingdom. If a foreign country can supply its try in these branches, they make for them -wives an'l families, a comfortable subsistence. They...

...the main proposition which we at present combat, and to which we here confine ourselves, is, that, " If a foreign country can supply us with a commodity...cheaper than we ourselves can make it, better buy of them, with some part of the produce of our own industry, employed in a way in which we have some...

...ourselves. But this opinion of Adam Smith is at variance with all his general doctrines on this subject. " If a foreign country can supply us with a commodity...which employs it, will not thereby be diminished, but only left to find out the way in which it can be employed with the greatest advantage." Again....

...ourselves can produceor manufacture it, better buy it from thence, with a part of the produce of our industry, employed in a way in which we have some...advantage. The general industry of the country, being in proportion to the capital which employs it, will not thereby be diminished, but rather employed...