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" It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy. "
The American Review of History and Politics, and General Repository of ... - Página 347
1812
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From Adam Smith to Michael Porter: Evolution of Competitiveness Theory

Dong-Sung Cho, Hwy-Chang Moon - 2000 - 223 páginas
...governments that restricted the free flow of international trade. His famous passage is as follows: "It is the maxim of every prudent master of a family, never...what it will cost him more to make than to buy. The laylor does not attempt to make his own shoes, but buys them of the shoemaker. The shoemaker does not...
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Early Histories of Economic Thought, 1824-1914: Types of economic theory

2000 - 329 páginas
...selling there to the greatest advantage those things which it is exceptionally fitted to produce. "It is the maxim of every prudent master of a family never...at home, what it will cost him more to make than to buy."1 In respect of the possibilities of practically applying these freetrade theories, however, Smith...
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Early Histories of Economic Thought, 1824-1914: History of economic doctrines

Charles Gide, Charles Rist - 2000 - 672 páginas
...great expense, when a similar eommodity might be supplied by a foreign eountry at less eost. " It is the maxim of every prudent master of a family, never to attempt to make at home what it will eost him more to make than to buy. . . . What is prudenee in the eonduet of every private family, ean...
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As Various as Their Lands: the Everyday Lives of Eighteenth-century ...

Stephanie Grauman Wolf - 1993 - 304 páginas
...enunciator of the "dismal science" of economics saw it, the "maxim of every prudent householder [should be] never to attempt to make at home what it will cost him more to make [or process for himself] than to buy ... in every improved society, the farmer is generally nothing...
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Empowerment Through Economic Transformation

Meshack M. Khosa - 2001 - 461 páginas
...question, then, is whether it is also applicable across national boundaries. Smith believes it is: It is the maxim of every prudent master of a family, never...what it will cost him more to make than to buy. The taylor does not attempt to make his own shoes, but buys them of the shoemaker. The shoemaker does not...
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Economics in Nature: Social Dilemmas, Mate Choice and Biological Markets

Ronald Noë, Jan A. R. A. M. Van Hooff, Peter Hammerstein - 2006 - 292 páginas
...the role of free trade among nations in increasing the wealth of all nations, stating that 'it is a maxim of every prudent master of a family never to...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'...
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Reason and Revelation

Seena Fazel, John Danesh - 2002 - 243 páginas
...advantage maximizes aggregate welfare and efficiency. As Adam Smith wrote in The 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, can scarce be folly in that of a great...
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International Relations in Political Thought: Texts from the Ancient Greeks ...

Christopher Brown, Chris Brown, Terry Nardin, Nicholas Rengger - 2002 - 617 páginas
...foreign industry, the regulation is evidently useless. If it cannot, it must generally be hurtful. It is the maxim of every prudent master of a family never...attempt to make his own clothes, but employs a tailor. The farmer attempts to make neither the one nor the other, but employs those different artificers....
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International Economic Law

Andreas F. Lowenfeld - 2003 - 776 páginas
...ADVANTAGE We may begin, as Adam Smith did, with the analogy of a state to a household. Smith wrote: It is the maxim of every prudent master of a family, never...attempt to make his own clothes, but employs a tailor. The farmer attempts to make neither the one nor the other, but employs those different artificers....
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The History of Economic Thought: A Reader

Steven G. Medema, Warren J. Samuels - 2003 - 668 páginas
...foreign industry, the regulation is evidently useless. If it cannot, it must generally be hurtful. It is the maxim of every prudent master of a family never...attempt to make his own clothes, but employs a tailor. The farmer attempts to make neither the one nor the other, but employs those different artificers....
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