 | George P. Brockway - Economic man - 2001 - 494 pages
...concern. CONSUMPTION "Consumption is the sole end and purpose of all production," wrote Adam Smith, "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 maxim is so perfectly self-evident, that... | |
 | Richard R. Ellsworth - Business & Economics - 2002 - 423 pages
...achieving the "happiness of all." Achieving this happiness meant working to provide more desired goods. "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."33 In essence, Adam Smith argues that happiness... | |
 | Robert Barry Carson, Wade L. Thomas, Jason Hecht - Microeconomics - 2002 - 206 pages
...Issue 2 Consumer Welfare Is the Consumer Sovereign or Exploited? 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, 1776 The upshot of... | |
 | Barton A Weitz, Robin Wensley - Business & Economics - 2002 - 610 pages
...in his famous The Wealth of Nations (l776l wrote that: 'Consumption is the sole end and purpose of 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.' (VoL II, Book IV. Ch. 8.l Today, Smith's 'invisible... | |
 | Kathleen G. Donohue - Business & Economics - 2006 - 344 pages
...liberals to give priority to the consumer. No less a liberal theorist than Adam Smith had stressed that "consumption is the sole end and purpose of all production." And he had insisted that "the interest of the producer ought to be attended to, only so far as it may be... | |
 | Thomas Weishing Huang - Law - 2003 - 341 pages
...century, Adam Smith clearly pointed out the real effect of mercantilist trade protections. He said: Consumption is the sole end and purpose of all production; and the interests of the producers ought to be attended to, only so far as it may be necessary for promoting... | |
 | Jennifer Lees-Marshment - Business & Economics - 2004 - 268 pages
...London. pp. 181-197. 10 The political marketing revolution Consumption is the sole end and purpose of 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. (Adam Smith, The Wealth of Nations, Book 4,... | |
 | Katalin Judit Cseres - Law - 2005 - 466 pages
...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...the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer.'51 However, the question is more complex and... | |
 | Michael McKeon - History - 2006 - 942 pages
...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;...the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer." According to Karl Marx, "Consumption creates... | |
 | Jerry Evensky - Business & Economics - 2005
...manufacturers, made production, not consumption, the national purpose. According to Smith, this is backward. 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... | |
| |
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. 
