...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 than we ourselves can make it, better buy...

...neighbors, and to purchase, with a part of its produce, whatever else they have occasion for. And he infers, that what is prudence, in the conduct of every private...can scarcely be folly in that of a great kingdom. The advocate of restriction and prohibition admits, that if the interests of the consumers were alone...

...master of a family never to attempt to make at home what it will cost him more to make than to buy1' and that "what is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." We favor free trade and the measures which will promote...

...master of a family never to attempt to make at home what it will cost him more to make than to buy" sad that "what is prudence in the conduct of every private family can scarce be foih; in that of a great kingdom." We favor free trade and the measures which will promote...

...of Economic Disorder Richard E Wagner Politics and Macroeconomic Management Adam Smith noted in 1776 that "What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." The classical economists generally believed that principles...

...preparing this paper. does not attempt to make his own shoes, but buys them of the shoemaker . . . What is prudence in the conduct of every private family,...can scarcely be folly in that of a great kingdom. 1 Smith's commonsense approach aside, arguments in favor of free trade are well supported by a good...

...propounded the maxim in The Wealth of Nations (1776), which underlay the balanced budget convention, that 'what is prudence in the conduct of every private family, can scarce be folly in that of a great Kingdom', the target for attack was the then prevailing mercantilist...

...butter no parsnips. A writer who was at one time thought to know something about business remarked that "what is prudence in the conduct of every private family can hardly be folly in that of a great kingdom." And, if a parent who neglects his children is liable to...

...preferences, So does Sismondi, But the difference between him and Smith lies rather in Smith's assumption that "what is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom" tbook 4, chapter 2, Wealthi Sismondi rejects this assumption,...

...eliminating the domestic monopolies created by prohibitions on foreign imports, is the proposition that "what is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom." That is, one should not attempt to produce things that...