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" As it is the power of exchanging that gives occasion to the division of labour, so the extent of this division must always be limited by the extent of that power, or, in other words, by the extent of the market. "
An Inquiry Into the Various Systems of Political Economy: Their Advantages ... - Side 251
av Charles Ganilh - 1812 - 492 sider
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The Widening Retail Market and Consumers' Buying Habits

Northwestern University (Evanston, Ill.). School of Commerce. Bureau of Business Research, Horace Secrist - 1926 - 212 sider
...dependent, however, upon the "extent of the market." Smith says: "As it is the power of exchanging that gives occasion to the division of labour, so...that power, or, in other words, by the extent of the market."2 In the market, as in all economic pursuits, "Every individual is continually exerting himself...
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Equitable Society and how to Create it

Warren Edwin Brokaw - 1927 - 396 sider
...to its owner. . . ." "As it is the power of exchanging that gives occasion to the division of labor, so the extent of this division must always be limited...power, or, in other words, by the extent of the market. When the market is very small, no person can have any encouragement to dedicate himself entirely to...
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Point Counter Point

Aldous Huxley - 1928 - 540 sider
...see it. But when the highest takes the form of a chaptet beginning, "As it is the power of exchanging that gives occasion to the division of labour, so...power, or in other words, by the extent of the market," then, really, it is difficult to love it as ardently as one ought to do. "When the market is very small,...
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Voices of the Industrial Revolution: Selected Readings from the Liberal ...

John Bowditch, Clement Ramsland - 1961 - 210 sider
...THAT THE DIVISION OF LABOUR IS LIMITED BY THE EXTENT OF THE MARKET As it is the power of exchanging that gives occasion to the division of labour, so...power, or, in other words, by the extent of the market. When the market is very small, no person can have any encouragement to dedicate himself entirely to...
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Gunton's Magazine, Volum 13

George Gunton - 1897 - 522 sider
...a real dynamic in* " As it is the power of exchanging that gives occasion to the division of labor, so the extent of this division must always be limited...power ; or in other words by the extent of the market. When the market is small no person can have encouragement to devote himself to one employment," etc....
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The Problem of International Investment: 1937

Royal Institute of International Affairs - 1965 - 390 sider
...'As it is the power of exchanging that gives occasion to the division of labour, BO the extent of the division must always be limited by the extent of that...power, or, in other words, by the extent of the market. When the market is very small, no person can have any encouragement to dedicate himself entirely to...
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The City

Robert E. Park, Ernest W. Burgess, Roderick Duncan McKenzie - 1967 - 250 sider
...could alone give occasion to any great difference of talent. . . . , As it is the power of exchanging that gives occasion to the division of labour, so...in other words, by the extent of the market There are some sorts of industry, even of the lowest kind, which can be carried on nowhere but in a great...
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An Inquiry into the Nature and Causes of the Wealth of Nations

Adam Smith - 2008 - 1148 sider
...exchanging that gives occasion ^"ofKwer to the division of labour, so the extent of this of exchanging. division must always be limited by the extent of that...power, or, in other words, by the extent of the market. When the market is very small, no person can have any encouragement to dedicate himself entirely to...
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Economists and the Economy: The Evolution of Economic Ideas

Roger Backhouse - 1994 - 276 sider
...and the ability to do this is limited by the extent of the market: As it is the power of exchanging that gives occasion to the division of labour, so...power, or, in other words, by the extent of the market. When the market is very small, no person can have any encouragement to dedicate himself entirely to...
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Adam Smith: Critical Assessments, Volum 3

John Cunningham Wood - 1993 - 664 sider
...As it is the power of [ bartering &] exchanging [ which] [ one thing for another) which [originally) gives occasion to the division of labour, so the extent of this division will always be in proportion to the extent of this division will always be in proportion to the extent...
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