 | Royal Philosophical Society of Glasgow - Science - 1887 - 516 pages
...teachers." 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...the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer." These are principles to be kept constantly... | |
 | Matteo Liberatore - Economics - 1891 - 344 pages
...CONSUMPTION. HE ultimate aim of the economic function is consumption. " Consumption," says Adam Smith, " is the sole end and purpose of all production ; and...the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer." l To do otherwise would be to busy ourselves... | |
 | Wilhelm Hasbach - Economics - 1891 - 1314 pages
...indigent, is too offen either neglected or oppressed. III, p. 4. 2 Consumption is the sole end aud purpose of all production ; and the interest of the producer ought to be attended to, only so far äs it may be necessary for promoting that of the consumer. III, p. 28. Dafs durch den übergrofsen... | |
 | Joseph Shield Nicholson - Economics - 1893 - 482 pages
...CONSUMPTION.1 § 1. Meaning of Consumption — Objective and Subjective. " Consumption," says Adam Smith, " is the sole end and purpose of all production ; and...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... | |
 | Henry Dunning Macleod - Economics - 1896 - 782 pages
...the value of ^100,000, as by an equal value of gold and silver." In Book IV. ch. viii., he says — "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 selfevident, that... | |
 | Francis Wrigley Hirst - Economists - 1904 - 260 pages
...lays down a maxim "so perfectly self-evident, that it would be absurd to attempt to prove it " : — " 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 golden rule was everywhere violated by... | |
 | Economics - 1907 - 640 pages
...production the be-all and the end-all of their pseudo-science. Let Adam Smith answer for himself : 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 self-evident that it would... | |
 | William Dwight Porter Bliss, Rudolph Michael Binder - Social problems - 1908 - 1356 pages
...defined as the use of commodities or erf anything having exchange value. "Consumption," says Adam Smith, "is the sole end and purpose of all production, and...the producer ought to be attended to only so far as it may be necessary for Promoting that of the consumer." " Later criticism," says rofessor Nicholson... | |
 | Joseph Shield Nicholson - Great Britain - 1909 - 328 pages
...system. § 2. " Consumption the sole End and Purpose of all Production": Critical Examination of. " Consumption is the sole end and purpose of all production ; and the interest of the producer ought only to be attended to only so far as it may be necessary for promoting that of the consumer. The maxim... | |
 | Joseph Shield Nicholson - Great Britain - 1909 - 324 pages
...system. § 2. " Consumption the sole End and Purpose of all Production": Critical Examination of. " Consumption is the sole end and purpose of all production ; and the interest of the producer ought only to be attended to only so far as it may be necessary for promoting that of the consumer. The maxim... | |
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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. 
