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" It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy. "
The American Review of History and Politics, and General Repository of ... - Página 248
1811
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The English Reader: What Every Literate Person Needs to Know

Diane Ravitch - 2006 - 486 páginas
...foreign industry, the regulation is evidently useless. If it cannot, it must generally be hurtful. It is the maxim of every prudent master of a family,...shoemaker does not attempt to make his own clothes, but employs a tailor. The farmer attempts to make neither the one nor the other, but employs those different...
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Globalization and International Political Economy: The Politics of ...

Mark Rupert, M. Scott Solomon - 2006 - 175 páginas
...foreign industry, the regulation is evidently useless. If it cannot, it must generally be hurtful. It is the maxim of every prudent master of a family...shoemaker does not attempt to make his own clothes, but employs a tailor. The farmer attempts to make neither the one nor the other, but employs those different...
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Microeconomics

N. Gregory Mankiw, Mark P. Taylor - 2006 - 474 páginas
...principle of comparative advantage. Here is how the great economist Adam Smith put the argument: lt is a maxim of every prudent master of a family, never to...shoemaker does not attempt to make his own clothes but employs a tailor. The gardener attempts to make neither the one nor the other, but employs those different...
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The Pure Theory of International Trade

Miltiades Chacholiades - 1984 - 450 páginas
...the importance of free trade in increasing the wealth of all trading nations. He stated that "it is a maxim of every prudent master of a family never to...home what it will cost him more to make than to buy." He later continued that What is prudence in the conduct of every private family, can scarce be folly...
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Microeconomics for MBAs: The Economic Way of Thinking for Managers

Richard B. McKenzie, Dwight R. Lee - 2006 - 689 páginas
...told us in the 1770s about the nature of the gains from trade: "It is a maxim of every prudent master, never to attempt to make at home what it will cost him more to make than to buy" (Smith 1937, 422). Cost savings in individual countries on producing any given output level necessarily...
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Finanzielle Globalisierung in historischer Perspektive: Kapitalflüsse von ...

Moritz Schularick - 2006 - 309 páginas
...Länder Anreiz genug, innerhalb der rasch expandierenden Weltwirtschaft zu bleiben. Schlußfolgerungen The tailor does not attempt to make his own shoes, but buys them ofthe shoemaker. The shoemaker does not attempt to make his own clothes, but employs a tailor. The...
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The Character and Logical Method of Political Economy

John Elliott Cairnes - 2007 - 244 páginas
...foreign industry, the regulation is evidently useless. If it can not, it must generally be hurtful. It is the maxim of every prudent master of a family...The tailor does not attempt to make his own shoes, bat buys them of the shoemaker. The shoemaker does not attempt to make his own clothes, but employs...
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Distressed US Industries in the Era of Globalization

Lall Ramrattan, Michael Szenberg - 2007 - 165 páginas
...survival will depend on the net benefits; in such a time frame, we expect Adam Smith's maxim to apply: "It is the maxim of every prudent master of a family,...home what it will cost him more to make than to buy" (Smith 1976, 456). For example, when Bethlehem Steel filed for bankruptcy in October 15, 2001, no one...
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The Commercial Society: Foundations and Challenges in a Global Age

Samuel Gregg - 2007 - 177 páginas
...lay in some areas rather others and began to engage in more extensive specialization. As Smith state It is the maxim of every prudent master of a family,...home what it will cost him more to make than to buy ... If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better...
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Research Handbook in International Economic Law

Andrew T. Guzm¾n, A. O. Sykes - 2008 - 640 páginas
...specialization in domestic economic activity could be extended to international economic activity:1 The tailor does not attempt to make his own shoes,...shoemaker does not attempt to make his own clothes, but employs a tailor . . . What is prudence in the conduct of every private family, can scarcely be folly...
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