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" What is the species of domestic industry which his capital can employ, and of which the produce is likely to be of the greatest value, every individual, it is evident, can, in his local situation, judge much better than any statesman or lawgiver can do... "
An Inquiry Into the Nature and Causes of the Wealth of Nations - Página 241
de Adam Smith - 1811
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The Dividend Growth Investment Strategy: How to Keep Your Retirement Income ...

RoxAnn Klugman - 2001 - 308 páginas
...government and lower taxes. Adam Smith, in The Wealth of Nations, said: The statesman who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could...
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How the Dismal Science Got Its Name: Classical Economics and the Ur-text of ...

David M. Levy - 2001 - 340 páginas
...judge much better than any statesman or lawgiver can do for him. The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could...
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No Virtue Like Necessity: Realist Thought in International Relations Since ...

Jonathan Haslam - 2002 - 278 páginas
...offered to the powers that be. "To give the monopoly of the home-market to the produce of domestick industry, in any particular art or manufacture, is...almost all cases, be either a useless or a hurtful regulation."67 Smith had a clear political and moral agenda. And unless one absorbs the tremendous...
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The Culture of Capital: Property, Cities, and Knowledge in Early Modern England

Henry S. Turner - 2002 - 324 páginas
...surprise, then, that Smith goes on to denounce the presumption of "]t]he statesman, who should attempt to direct private people in what manner they ought to employ their capitals," since individual self-interest is by definition both unknowable to anyone else and socially beneficial...
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Invisible Hand: The Wealth of Adam Smith

Andres Marroquin - 2002 - 165 páginas
...judge much better than any statesman or law-giver can do for him. The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could...
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Europe 1715-1919: From Enlightenment to World War

Shirley Elson Roessler, Reny Miklos - 2003 - 320 páginas
...few words need be employed in dissuading them from it. ... To give the monopoly of the home-market to the produce of domestic industry, in any particular...manufacture, is in some measure to direct private people in that manner they ought to employ their capitals, and must, in almost all cases, be either a useless...
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Classical Macroeconomics: Some Modern Variations and Distortions

James C. W. Ahiakpor - 2003 - 278 páginas
...judge much better than any statesman or lawgiver can do for him. The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could...
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Biography of a Subject: An Evolution of Development Economics

Gerald M. Meier - 2004 - 264 páginas
...any state allocation of investment: man or lawgiver can do for him. The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could...
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Taming the Sharks: Towards a Cure for the High-cost Credit Market

Christopher L. Peterson - 2004 - 470 páginas
...judge much better than any statesman or lawgiver can do for him. The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could...
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Friedrich A. Hayek, Volumen 4

John Cunningham Wood, Robert D. Wood - 2004 - 494 páginas
....'. (Hayek, 1976, page 79, italics added) Planning and democracy 'The statesman who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could...
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