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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... "
Premises of Free Trade Examined: Also Reviews of Bastiat's "Sophisms of ... - Página 15
por George Basil Dixwell - 1883 - 232 páginas
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Principles of Political Economy and Taxation

David Ricardo - 2005 - 372 páginas
...ourselves can make it," Smith correctly argued, "better buy it of them with some part of the product of our own industry, employed in a way in which we have some advantage." What Ricardo showed was that a nation was better off trading even when it could not produce anything...
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Fresh Perspectives:Economics

2005 - 436 páginas
...with a commodity cheaper than we ourselves can make it, (we had) better buy it of them with some part of our own industry, employed in a way in which we have some advantage.' Absolute advantage in production Smith was expressing what sounds like a very common-sense argument...
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Documents of the Industrial Revolution 1750-1850: Select Economic And Social ...

Richard L. Tames - 2005 - 232 páginas
...p 401-2 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...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. It is certainly...
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Experiments in Achieving Water and Food Self-Sufficiency in the Middle East

Elie Elhadj - 2006 - 218 páginas
...Nations: "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...employed in a way in which we have some advantage." (Book 4: Systems of Political Economy, Chapter II). Modern arguments in favor of international trade...
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The Pure Theory of International Trade

Miltiades Chacholiades - 470 páginas
...great kingdom. If a foreign country can supply us with a commodity cheaper than we ourselves make it, better buy it of them with some part of the produce...employed in a way in which we have some advantage. ... By means of glasses, hotbeds, and hotwalls, very good grapes can be raised in Scotland, and very...
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Debating Globalization: International Perspectives on the Global Economic ...

John Balouziyeh - 2006 - 308 páginas
...foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it off them with some part of the produce of our own industry,...employed in a way in which we have some advantage. "' TODAY'S ALTER-GLOBALIST movement accuses free trade of contributing to greater income inequalities...
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Modern Economic Theory

Dewett K.K. & Navalur M.H. - 2010 - 992 páginas
...foreign country can supply us with a commodity cheaper than we ourselves can produce, better buy it from them with some part of the produce of our own industry, employed in a way in \\ hich we have some advantage." He continued further: "Whether the advantage which one- country has...
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Finanzielle Globalisierung in historischer Perspektive: Kapitalflüsse von ...

Moritz Schularick - 2006 - 342 páginas
...commodity cheaper than we ourselves can make it, heiter buy it ofthem with some part ofthe produce ofour own industry, employed in a way in which we have some advantage. Adam Smith, 17761 The practice oj 'foreign investment, äs we know it now, is a very modern contrivance,...
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The Secret Circuit: The Little-known Court where the Rules of the ...

Bruce Abramson - 2007 - 428 páginas
...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...some advantage. The general industry of the country . . . will not thereby be diminished . . . but only left to find out the way in which it can be employed...
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Distressed US Industries in the Era of Globalization

Lall Ramrattan, Michael Szenberg - 2007 - 184 páginas
...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...employed in a way in which we have some advantage" (Smith 1976,456-7). 2) "In every country it always is and must be the interest of the great body of...
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