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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... "
The American Review of History and Politics, and General Repository of ... - Página 347
1812
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A Trading Nation: Canadian Trade Policy from Colonialism to Globalization

Michael Hart - 2002 - 580 páginas
...international trade. In Smith's words, "What is prudence in the conduct of every private family life, can scarcely be folly in that of a great kingdom....with some part of the produce of our own industry, employed in a way in which we have some advantage."'7 These modern economic ideas not only reflected...
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International Relations in Political Thought: Texts from the Ancient Greeks ...

Chris Brown, Terry Nardin, Nicholas Rengger - 2002 - 634 páginas
...whatever else they have occasion for. What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom. If a foreign...with some part of the produce of our own industry employed in a way in which we have some advantage. The general industry of the country, being always...
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International Economic Law

Andreas F. Lowenfeld - 2003 - 838 páginas
...whatever else they have occasion for. What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom. If a foreign...with some part of the produce of our own industry, employed in a way in which we have some advantage. The general industry of the country, being always...
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Asian Politics in Development: Essays in Honour of Gordon White

Robert Benewick, Marc J. Blecher, Sarah Cook - 2003 - 332 páginas
...supposed to happen. Adam Smith essentially saw international specialisation as a progressive force: 'If a foreign country can supply us with a commodity...with some part of the produce of our own industry, employed in a way in which we have some advantage' [Smith, 1776: 457]. He cautioned against the too-rapid...
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The Next American Century: Essays in Honor of Richard G. Lugar

Jeffrey T. Bergner - 2003 - 236 páginas
...eventually eliminate the competing American industry. It is not quite that simple. As Adam Smith said, "If a foreign country can supply us with a commodity...cheaper than we ourselves can make it, better buy it off them with some part of our own industry, employed in a way in which we have some advantage."5 Less...
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The Library of Original Sources: Volume VI (Advance in Knowledge 1650-1800)

Oliver J. Thatcher - 2004 - 466 páginas
...whatever else they have occasion for. What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom. If a foreign...with some part of the produce of our own industry, employed in a way in which we have some advantage. The general industry of the country, being always...
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Biography of a Subject: An Evolution of Development Economics

Gerald M. Meier - 2004 - 264 páginas
...more to make than to buy. . . . What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom. If a foreign...with some part of the produce of our own industry, employed in a way in which we have some advantage. (1776: bk. 4, ch. 2) Smith also viewed foreign trade...
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Adam Smith: Selected Philosophical Writings

Adam Smith - 2004 - 260 páginas
...whatever else they have occasion for. What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom. If a foreign...with some part of the produce of our own industry, employed in a way in which we have some advantage. The general industry of the country, being always...
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John Elliot Cairnes: Collected Works, Volumen 1

John Elliott Cairnes - 2004 - 312 páginas
...employs those different artificers. . . . What is prudence in the conduct of a private family can scarce be folly in that of a great kingdom. If a foreign...with some part of the produce of our own industry employed in a way in which we have some advantage. The general industry of the country being always...
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The Classical Economists Revisited

Denis Patrick O'Brien - 2004 - 458 páginas
...whatever else they have occasion for. What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom. If a foreign...with some part of the produce of our own industry, employed in a way in which we have some advantage.3 The advantage of buying from the cheapest source...
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