 | Luke Herbert - Industrial arts - 1827 - 524 pages
...consumer i« ahnost constantly sacrificed to that of the producer;" but he also observes, " consomption is the sole end and purpose of all production ; and...be necessary for promoting that of the consumer." That the same feeling governs the manufacturing system, of which the labouring classes constitute the... | |
 | Miles Gerald Keon - 1846 - 608 pages
...demand, at so unnecessarily high a price. Consumption being the sole end and purpose of all production, the interest of the producer ought to be attended...may be necessary for promoting that of the consumer. But have we acted on this principle ? have we not rather acted on the principle that production and... | |
 | John Ramsay McCulloch, John Locke - Economics - 1870 - 372 pages
...certainly to be abolished. Consumption is the sole end and purpose of production ; and the interests of the producer ought to be attended to only so far as may be necessary for promoting the interests of the consumers. We have already seen that no country... | |
 | John Ramsay M'Culloch - Interest - 1870 - 376 pages
...certainly to be abolished. Consumption is the sole end and purpose of production; and the interests of the producer ought to be attended to only so far as may be necessary for promoting the interests of the consumers. We have already seen that no country... | |
 | David Cunningham (civil engineer.) - 1878 - 470 pages
...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,...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 system the interest... | |
 | David Cunningham (civil engineer.) - Moral conditions - 1878 - 424 pages
...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,...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 system the interest... | |
 | Jeremiah Joyce - 1880 - 274 pages
...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... | |
 | William Godwin Moody - Agriculture - 1883 - 380 pages
...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...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 system seems to consider... | |
 | John Joseph Lalor - Economics - 1884 - 1254 pages
...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... | |
 | Royal Philosophical Society of Glasgow - Science - 1887 - 516 pages
...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 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. 
