...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...employed in a way in which we have some advantage. The general industry of the country, being always in proportion to the capital which employs it, will not...

...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...with some part of the produce of our own industry." * If it be the interest of a nation to purchase from a foreign counry when that country sells cheaper...

...it is most readily, and at the lowest price to be had: "If a foreign country" (says Dr.' Smith*) " can supply us with a commodity cheaper than we ourselves...of our own industry, employed in a way in which we iave some advantage ;" it is thus only that the general good of the State is consulted, and its labour...

...conduct of every private family, can scarce be folly in that of a great kingdom. If a foreign couetry can supply us with a commodity cheaper than we ourselves...employed in a way in which we have some advantage. The general industry of the country being always in proportion to the capital which employs it, will not...

...main proposition which we at present combat, and to which we here confine ourselves, is, that «lf a foreign country can supply us with a commodity, cheaper than we ourselves can make it, bet— Sweden with iron and copper — Italy and China with silks— Hindustan with silks, cottons...

...the main proposition which we at present combat, and to which we here confine ourselves, is, that, " If a foreign country can supply us with a commodity...cheaper than we ourselves can make it, better buy of them, with some part of the produce of our own industry, employed in a way in which we have some...

...ourselves. But this opinion of Adam Smith is at variance with all his general doctrines on this subject. " If a foreign country can supply us with a commodity...employed in a way in which we have some advantage. The general industry of the country being always in proportion to the capital which employs it, will not...

...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...employed in a way in which we have some advantage. The general industry of the country being always in proportion to the capital which employs it, will not...

...ourselves can produceor manufacture it, better buy it from thence, with a part of the produce of our industry, employed in a way in which we have some advantage. The general industry of the country, being in proportion to the capital which employs it, will not thereby...

...interest to employ his whole industry in a way in which he has some advantage over his neighbours." So, " if a foreign country can supply us with a commodity cheaper than we can make it, better buy it of them with some part of the produce of our own industry, employed in a...