 | 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... | |
 | 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... | |
 | 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... | |
 | 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.... | |
 | 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,... | |
 | 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... | |
 | 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... | |
 | 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... | |
 | 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... | |
 | 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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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. 
