Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Have They Come for YOU Yet? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ulrich who wrote (15)	10/30/2003 3:44:05 PM
From: marcos	Respond to of 34

Hear hear - 'Wealth of Nations is an extended polemic against mercantilism' Then, read read - 'Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer. The maxim is so perfectly self-evident that it would be absurd to attempt to prove it. But in the mercantile system the interest of the consumer is almost constantly sacrificed to that of the producer; and it seems to consider production, and not consumption, as the ultimate end and object of all industry and commerce.' econlib.org - quote comes from toward the end of volume II chapter VIII, Conclusion of the Mercantile System ... it was picked at random, from scanning through an ancient dead-tree edition, there are a great many more Bibliomania edition - bibliomania.com 'An Inquiry Into the Nature and Causes of the Wealth of Nations' - the whole title should be used, imho Mr Smith [may he rest in lolly] would like that