 | Oliver J. Thatcher - 2004 - 466 sider
...dissuading them from it. What is the species of domestic industry which his capital can employ, and of which the produce is likely to be of the greatest value,...The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary... | |
 | Adam Smith - 2004 - 260 sider
...dissuading them from it. What is the species of domestic industry which his capital can employ, and of which the produce is likely to be of the greatest value,...The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most... | |
 | John Cunningham Wood, Robert D. Wood - 2004 - 494 sider
...invisible hand: "What is the species of domestic industry which his capital can employ, and of which the produce is likely to be of the greatest value,...statesman or lawgiver can do for him. The statesman [would] assume an authority . . . which would nowhere be so dangerous as in the hands of a man who... | |
 | Christopher L. Peterson - 2004 - 470 sider
...guiding social policy to the optimal outcome. In Smith's words: [O]f which the produce is likely to be the greatest value, every individual, it is evident,...The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most... | |
 | Rocco Pezzimenti - 2004 - 260 sider
...possesses are in certain sectors more appropriate and well-calibrated than those of the political operator: "every individual, it is evident, can, in his local...The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself a most unnecessary... | |
 | Samuel Fleischacker - 2009 - 352 sider
...know about their fellow human beings, especially those they observe often. Hence "every individual can, in his local situation, judge much better than any statesman or lawgiver can do for him" (WN 456). We come here to what Knud Haakonssen calls Smith's notion of "contextual knowledge": "the... | |
 | Gerald M. Meier - 2004 - 264 sider
...administration of justice." Smith was especially emphatic in criticizing any state allocation of investment: man or lawgiver can do for him. The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most... | |
 | David P. Levine, S. Abu Turab Rizvi - 2005 - 180 sider
...markets to their dependence on the judgment of the individual owner of capital. Thus, according to Smith, "every individual, it is evident, can, in his local...judge much better than any statesman or lawgiver" what species of industry "is likely to be of the greatest value" (1937: 423).' Because knowledge is... | |
 | Chana B. Cox - 2006 - 302 sider
...in practice. 33. What is the species of domestic industry which his capital can employ, and of which the produce is likely to be of the greatest value,...The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary... | |
 | Yong-Shik Lee - 2006 - 216 sider
...so. He stated, "What is the species of domestic industry which his capital can employ, and of which the produce is likely to be of the greatest value,...better than any statesman or lawgiver can do for him" Adam Smith, supra note 178. Nonetheless, this conventional wisdom has been doubted by many, as expressed... | |
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What is the species of domestic industry which his capital can employ, and of which the produce is likely to be of the greatest value, every individual, it is evident, can, in his local situation, judge much better than any statesman or law-giver can... 
