...cheaper than we ourselves can make it, better btty it of them with some part of the produce of oar own industry, employed in a way in which we have some...not thereby be diminished, no more than that of the above-mentioned artificers; but only left to find out the way in which it can be employed with the...

...any goods they could not produce as efficiently themselves: If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better...employed in a way in which we have some advantage. When governments tried to protect domestic industries from imports, they removed competitive pressure....

...to confront and revise much else in our inherited ideas. "If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better...employed in a way in which we have some advantage." So wrote Adam Smith (The Wealth of Nations, book IV, section ii, 12), stating the mild and relatively...

...each country should concentrate on its natural strengths: "If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better...employed in a way in which we have some advantage" (W^/VIV.ii.12).35 Similarly, Smith, like Hume, holds that free trade benefits not only consumers (by...

...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...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...

...family, can scarcely 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...industry, employed in a way in which we have some advantage.2 Smith's Theory of Absolute Advantage essentially stated that countries should export those...

...every private family, can scarce be folly in a great kingdom. If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better...industry, employed in a way in which we have some advantage.55 As far as his peers were concerned, Smith's arguments won the day. Over a century later,...

...at home what it will cost him more to make than to buy ... If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better...industry, employed in a way in which we have some advantage.44 A critical effect of free trade is the manner in which it allows consumers r; than the...

...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 oar own industry, employed in a way in which we have some advantage. The general industry of the country,...

...scarce be folly in that of a great kingdom," declared Smith. "If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it of them" (424). Real Source of Wealth Revealed The accumulation of gold and silver might have filled the pockets...