...with a part of its produce, or, what is the same thing, with the price of a part of it, whatever else they have occasion for. What is prudence in the conduct...family, can scarce be folly in that of a great kingdom. 1 If a foreign country can supply us with a commodity them with some part of the produce of our own...

...with a part of its produce, or, what is the same thing, with the price of a part of it, whatever else they have occasion for. What is prudence in the conduct...private family, can scarce be folly in that of a great kingdom.1 If a foreign country can supply us with a commodity cheaper than we ourselves can make it,...

...farmer attempts to make neither the one nor the other, but employs those different artificers . . . What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom." — Vgl. auch Sa v, Traite I, S. 25i: „C'est ici le cas du particulier qui voudrait faire lui-meme...

...with a part of its produce, or what is the same thing, with the price of a part of it, whatever else they have occasion for. " What is prudence in the conduct of every private family, can scarcely be folly in that of a great kingdom. If a foreign country can supply us with a commodity cheaper...

...with a part of its produce, or what is the same thing, with the price of a part of it, whatever else they have occasion for. What is prudence in the conduct...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 our own industry,...

...Wealth of Nations: The shoemaker does not attempt to make his own clothes, but employs a tailor . . . What is prudence in the conduct of every private family,...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,...

...master of a family never to attempt to make at home what it will cost him 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' (Smith 1937). This analogy between international trade and the workings of a family illustrates the...

...in Malaysia, New York, NY: St. Martin's Press. Chapter 7 Economic Inter-Dependence: External Trade "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 our own industry employed...

...though later economists such as David Ricardo spelled it out at greater length. According to Smith, "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 our own industry employed...

...with a part of its produce, or what is the same thing, with the price of a part of it, whatever else they have occasion for. What is prudence in the conduct...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 our own industry,...