...imports should be the goal of policy: 'Consumption is the sole end of and purpose of all production . . . The maxim is so perfectly self-evident, that it would be absurd to attempt to prove it' (Smith 1976 [1776]: 625). Correct determination of the contribution of trade to economic welfare involves...

...Consumption," says Adam Smith, "is the end and purpose of all production." .... "The maxim," he observes, " is so perfectly self-evident that it would be absurd to attempt to prove it." Not less self-evident is it that the end and purpose of all trade is to cheapen production, and so...

...there nailed up; and for the second offence, to be adjudged a felon, and to suffer death accordingly. Consumption is the sole end and purpose of all production;...self-evident, that it would be absurd to attempt to prove it. It cannot be very difficult to determine who have been the contrivers of this whole mercantile system;...

...a whole are promoted. This is productivity in the properly consumer-oriented sense of Adam Smith:8 Consumption is the sole end and purpose of all production;...self-evident that it would be absurd to attempt to prove it. Competition cannot work effectively unless customers are reasonably well informed about the choices...

...manufacturers, made production, not consumption, the national purpose. According to Smith, this is backward. Consumption is the sole end and purpose of all production;...maxim is so perfectly self-evident, that it would be may in this case require that the freedom of trade should be restored only by slow gradations " (WN,...

...evil of "luxury." On the other hand, consuming women were crucial to the economy. As Adam Smith wrote, "Consumption is the sole end and purpose of all production;...be necessary for promoting that of the consumer." According to Karl Marx, "Consumption creates the need for new production, that is it creates the ideal,...

...market is a pathology, not a response to real human needs. Consumer Sovereignty versus Corporate Power 'Consumption is the sole end and purpose of all production;...be necessary for promoting that of the consumer.' So wrote Adam Smith (1976/1776: 660). The market is a mechanism that functions to ensure that the interests...

...COMPETITION LAW AN EFFECTIVE TOOL TO PROTECT CONSUMERS? When we listen to Adam Smith then it seems that: 'Consumption is the sole end and purpose of all production;...far as it may be necessary for promoting that of the consumer.'51 However, the question is more complex and requires certain problematic issues to be revealed....

...start and end with consumers. Consumption is, according to Adam Smith, the sole end of all production. The interest of the producer ought to be attended...may be necessary for promoting that of the consumer. Policies to strengthen the functioning of the market, however, concern the consumer only indirectly...

...Issue 2 Consumer Welfare Is It Necessary to Protect the Consumer? Consumption is the sole end and the purpose of all production; and the interest of the producer ought to be attended to, only in so far as it may be necessary for promoting that of the consumer. — Adam Smith, 1 776 The upshot...