...days. What Adam Smith wrote a century since cannot well be too often recalled to mind. He says : — ' Consumption is the sole end and purpose of all production,...may be necessary for promoting that of the consumer. ' The maxim is so self-evident that it would be absurd to attempt to prove it. But in the mercantile...

...to extend our own manufactures, by depressing those of our neighbours. Consumption is the sole end of all production ; and the interest of the producer...may be necessary for promoting that of the consumer, a maxim so perfectly self-evident that it would be absurd to attempt to prove it. But in the mercantile...

...every industry in the work of reproduction. Upon this point Adam Smith is very clear. He says : — " Consumption is the sole end and purpose of all production...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 the mercantile...

...producers, whose interests as a class had been almost exclusively regarded by previous economists. Consumption is the sole end and purpose of all production, and the interests of producers are to be considered and furthered only so far as they affect the interests...

...The teaching of Professor Cairnes is in complete harmony with that of Adam Smith, who tells us that "consumption is the sole end and purpose of all production...be necessary for promoting that of the consumer." These are principles to be kept constantly before us when considering a nation's trade from the imperial...

...CONSUMPTION. HE ultimate aim of the economic function is consumption. " Consumption," says Adam Smith, " is the sole end and purpose of all production ; and...be necessary for promoting that of the consumer." l To do otherwise would be to busy ourselves about the means without caring for the end. 1 Wealth of...

...indigent, is too offen either neglected or oppressed. III, p. 4. 2 Consumption is the sole end aud purpose of all production ; and the interest of the producer ought to be attended to, only so far äs it may be necessary for promoting that of the consumer. III, p. 28. Dafs durch den übergrofsen...

...CONSUMPTION.1 § 1. Meaning of Consumption — Objective and Subjective. " Consumption," says Adam Smith, " is the sole end and purpose of all production ; and...necessary for promoting that of the consumer. This maxim is so perfectly self-evident that it would be absurd to attempt to prove it."2 This passage,...

...the value of ^100,000, as by an equal value of gold and silver." In Book IV. ch. viii., he says — "Consumption is the sole end and purpose of all Production...may be necessary for promoting that of the consumer. The maxim is so perfectly selfevident, that it would be absurd to attempt to prove it. But in the mercantile...

...production the be-all and the end-all of their pseudo-science. Let Adam Smith answer for himself : Consumption is the sole end and purpose of all production...necessary for promoting that of the consumer. This maxim is so self-evident that it would be absurd to attempt to prove it." And Adam Smith, in summing...