The Premises of Free Trade ExaminedJ. Wilson and son, 1881 - 36 páginas |
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Página 8
... Adam Smith remarks , " that it comes with man when he issues from the womb , and continues with him until he enters the grave . " Now , the action of this instinct sometimes causes an in- creased demand for commodities , and sometimes a ...
... Adam Smith remarks , " that it comes with man when he issues from the womb , and continues with him until he enters the grave . " Now , the action of this instinct sometimes causes an in- creased demand for commodities , and sometimes a ...
Página 9
... Adam Smith in 1775 , and repeated in a somewhat modified form by Mr. J. S. Mill three quarters of a century later . It will shorten the examination if we first establish one or two preliminary points . Between 1860 and 1865 the Northern ...
... Adam Smith in 1775 , and repeated in a somewhat modified form by Mr. J. S. Mill three quarters of a century later . It will shorten the examination if we first establish one or two preliminary points . Between 1860 and 1865 the Northern ...
Página 10
... Adam Smith , argues the free - trade question upon the assumption that , in a normal condition of things , every atom of the actual and potential capital of a country is and must be fully em- ployed upon productive industry , so that ...
... Adam Smith , argues the free - trade question upon the assumption that , in a normal condition of things , every atom of the actual and potential capital of a country is and must be fully em- ployed upon productive industry , so that ...
Página 14
... Adam Smith in his third paragraph above quoted . He starts with a self - evident axiom that " the general industry of the society never can exceed what the capital of the society can employ . " He then repeats the idea in different ...
... Adam Smith in his third paragraph above quoted . He starts with a self - evident axiom that " the general industry of the society never can exceed what the capital of the society can employ . " He then repeats the idea in different ...
Página 15
... Adam Smith argues that " It is the maxim of every prudent master of a family never to at- tempt to make at home what it will cost him more to make than to buy , " and that " What is prudence in the conduct of every private family can ...
... Adam Smith argues that " It is the maxim of every prudent master of a family never to at- tempt to make at home what it will cost him more to make than to buy , " and that " What is prudence in the conduct of every private family can ...
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absurd Adam Smith advantage aggregate annual product argues argument Bastiat bricklayers British bushels of wheat capi coal conclusion consume consumption deductive Deductive reasoning demand for commodities demand for labor diminished diminution doctrine Dublin duction economist employ England English entitled Some Leading equal error exchangeable value existence fact fallacy field of employment fixed capital floating capital foreign trade francs free-trade French products French silks funds hats income increase interests Ireland Irish J. S. Mill John Stuart Mill landlords logic manufactured products mechanical and manufacturing ment MORRILL Tariff nation never can exceed obtain ourselves paragraph political economy portion premises Professor Cairnes Professor Cairnes's profits promote abundance proposition protectionist protective law quantity railroads raw produce real wages says society Sophisms steamship stock of commodities sufficiently supply suppose supposition surplus stock syllogism tariff things tion unem unemployed capital United venerable blunders whole wine