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" 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 Edinburgh Review: Or Critical Journal - Page 31
1927
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Consumer Society in American History: A Reader

Lawrence B. Glickman - Consumers - 1999 - 436 pages
...it took him until Book IV to say it, Smith placed consumption at the heart of modern market society. Consumption is the sole end and purpose of all production...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...
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Competition and Structure: The Political Economy of Collective Decisions ...

Albert Breton - Business & Economics - 2000 - 464 pages
...any case, this possibility is disregarded here. 17 The well-known passage in Smith (1981; 600) reads: "Consumption is the sole end and purpose of all production;...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...
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An Introduction to the Market System

Kalman Goldberg - Capitalism - 2000 - 520 pages
...expanded production for the benefit of the state. For Smith, it was the well-being of the consumer. "Consumption is the sole end and purpose of all production:...the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer." To achieve this goal, he advocated a "system...
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Social Science Quotations: Who Said What, When, and Where

David L. Sills, Robert King Merton - Social Science - 2000 - 466 pages
...government is influenced by shopkeepers. The Wealth of Nations (1776) 1937: Book 4, chap. 7, 579. 23 Consumption is the sole end and purpose of all production;...the producer ought to be attended to. only so far as it may be necessary for promoting that of the consumer. The Wealth of Nations (1776) 1937:Book 4, chap....
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Early Histories of Economic Thought, 1824-1914: History of economic thought

Economics - 2000 - 724 pages
...point. While dealing largely with production, Smith started from the standpoint of the consumer: " Consumption is the sole end and purpose of all production,...the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer." l Though sometimes overlooked or unexpressed,...
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How to be Human-- Though an Economist

Deirdre N. McCloskey - Economics - 2000 - 304 pages
...is good about specialization is that it allows more consumption, through trade. As Smith declared: "Consumption is the sole end and purpose of all production;...interest of the producer ought to be attended to, only as far as it may be necessary for promoting that of the consumer." By all means, shoemaker, stick to...
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The Telecoms Trade War: The United States, the European Union and the World ...

Mark Naftel, Lawrence J Spiwak - Law - 2000 - 526 pages
...First", Washington Post, 24 Oct. 1997, at A21 (noting that Adam Smith concluded over 200 years ago: "Consumption is the sole end and purpose of all production, and the interests of producers ought to be attended to, only insofar as it may be necessary for promoting that...
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Consumer Economics: A Practical Overview

Steven Dale Soderlind - Consumer behavior - 2001 - 502 pages
...national interest. Summarizing his views in The Wealth of Nations, published in 1776, Smith wrote: Consumption is the sole end and purpose of all production;...the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer. This maxim is so perfectly self-evident that...
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Neue Institutionen÷konomik: Anwendung auf Religion, Banken und Fu▀ball

Aloys Prinz, Albert Eelke Steenge, Alexander Vogel - Competition - 2001 - 290 pages
...therefore applies the concept of 'consumer welfare' as his criterion to judge economic performance: 'Consumption is the sole end and purpose of all production;...the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.' Unfortunately, Smith explains, most producers...
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A Handbook of Management Techniques: The Best-selling Guide to Modern ...

Michael Armstrong - Decision making - 2001 - 776 pages
...sell without any consideration being given to these fundamental truths: 'Consumption is the sole end 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, The Wealth of Nations,...
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