 | Richard B. McKenzie, Dwight R. Lee - 2006 - 651 páginas
...told us in the 1770s about the nature of the gains from trade: "It is a maxim of every prudent master, never to attempt to make at home what it will cost him more to make than to buy" (Smith 1937, 422). Cost savings in individual countries on producing any given output level necessarily... | |
 | Moritz Schularick - 2006 - 342 páginas
...Länder Anreiz genug, innerhalb der rasch expandierenden Weltwirtschaft zu bleiben. Schlußfolgerungen The tailor does not attempt to make his own shoes, but buys them ofthe shoemaker. The shoemaker does not attempt to make his own clothes, but employs a tailor. The... | |
 | John Elliott Cairnes - 2007 - 245 páginas
...foreign industry, the regulation is evidently useless. If it can not, it must generally be hurtful. It is the maxim of every prudent master of a family...The tailor does not attempt to make his own shoes, bat buys them of the shoemaker. The shoemaker does not attempt to make his own clothes, but employs... | |
 | Andrew T. Guzm¾n, A. O. Sykes - 2008 - 633 páginas
...specialization in domestic economic activity could be extended to international economic activity:1 The tailor does not attempt to make his own shoes,...attempt to make his own clothes, but employs a tailor . . . What is prudence in the conduct of every private family, can scarcely be folly in that of a great... | |
 | Lall Ramrattan, Michael Szenberg - 2007 - 184 páginas
...survival will depend on the net benefits; in such a time frame, we expect Adam Smith's maxim to apply: "It is the maxim of every prudent master of a family,...home what it will cost him more to make than to buy" (Smith 1976, 456). For example, when Bethlehem Steel filed for bankruptcy in October 15, 2001, no one... | |
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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. 
