...David Ricardo, and focus on the benefits to consumers of import competition. Indeed, he notes that: Consumption is the sole end and purpose of all production;...interest of the producer ought to be attended to, 9 Speeches on Question of Public Policy by Richard Cobden, MP (Pub. T. Fisher, Unwin, 1870), Free Trade,...

...customer who was always right took hold, as Adam Smith recognized in The Wealth of Nations in 1776: 'consumption is the sole end and purpose of all production; and the interests of the producer ought to be attended to, only in so far as it may be necessary for promoting...

...are unwilling, however, that any part of this small number should go abroad to instruct foreigners. 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 in the...