“In manufactures, a very small advantage will enable foreigners to undersell our own workmen, even in the home market. It will require a very great one to enable them to do so in the rude produce of the soil. If the free importation of foreign manufactures were permitted, several of the home manufactures would probably suffer, and some of them, perhaps, go to ruin altogether, and a considerable part of the stock and industry at present employed in them, would be forced to find out some other employment. But the freest importation of the rude produce of the soil could have no such effect upon the agriculture of the country.”

Source: (1776), Book IV, Chapter II

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "In manufactures, a very small advantage will enable foreigners to undersell our own workmen, even in the home market. I…" by Adam Smith?

Adam Smith175

Scottish moral philosopher and political economist 1723–1790

Related quotes

“We use trains and planes, but they are not our trains or planes. The (Westerners) manufacture them and export them to us…. We own them, but we don't manufacture them. We don't even produce a single nail in any of these cars…. Islam teaches us to do things professionally. Doing things professionally is a religious duty…. The Prophet said that Allah ordered to excel in everyhting…. Even when killing, you must do well…. We import everything from needles to missiles. This is our nation. We still haven't manufactured an engine in our Arab countries. We assemble parts, but have no manufacturing industries.”

Yusuf Qaradawi (1926) Egyptian imam

Sheik Yousuf Al-Qaradhawi: The Islamic Nation's Problem is That Muslims Do Not Work. The Zionist Gang Has Turned the Desert into an Oasis http://www.memritv.org/clip_transcript/en/645.htm 4/15/2005. <br class="br">Knowledge and industry

“To give the monopoly of the home-market to the produce of domestic industry, in any particular art or manufacture, is in some measure to direct private people in what manner they ought to employ their capitals, and must, in almost all cases, be either a useless or a hurtful regulation.”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

Source: (1776), Book IV, Chapter II, p. 489.

“No sooner was the Baltic open to our merchants, than corn was bought up there for importation into England; at the same time the continent was glutted with English goods, which, because the supply greatly exceeded the demand, were sold at less than their prime cost, and upon which the foreign governments soon laid new duties...to prevent the ruin of their own manufactures. This might have been a salutary lesson, if nations were ever rendered wise by experience; it might have taught us that, however willing one part of this nation might be to see the other ruined by the free admission of foreign grain, foreign governments would never consent to have their fabrics destroyed by the unrestricted introduction of British goods. It is a sound maxim in politics, whatever it may be in morals, that charity begins at home.”

Robert Southey (1774–1843) British poet

'On the Corn-Laws', The Quarterly Review, Vol. LI. (March & June 1834), p. 231
1830s

“If attacked on some vulnerable point by anyone or anything or any organization, always find or manufacture enough threat against them to cause them to sue for peace.”

L. Ron Hubbard (1911–1986) American science fiction author, philosopher, cult leader, and the founder of the Church of Scientology

Dept. of Govt. Affairs (15 August 1960).
Scientology Policy Letters

“I refuse to be a part of this reality that was manufactured by other people; I manufactured my own reality”

Ron Finley American fashion designer and urban gardener

Ron Finley at TED2013 (2013)

“The economic betterment of a nation which is at a low level of intelligence and culture, or in which the population is small in relation to the extent and productivity of its territory, is best accomplished through free trade with highly cultivated, rich, and industrious nations. In the case of such a country every restriction of trade, intended to plant manufacturing industry within its borders, is premature and injurious, not only to the welfare of mankind in general, but to the progress of the nation itself. Only when the intellectual, political, and economic education of the nation has so far advanced as a result of free trade that its further progress would be checked and hindered by the import of foreign manufactures and the lack of a sufficient market for its own goods, can protective measures be justified.”

Friedrich List (1789–1846) German economist with dual American citizenship

Introduction, in Hirst (1909), p. 312
The National System of Political Economy (1841)

“This misfortune you find is of your own manufacture.
Keep hold of what you have, it will harm no other,
for hatred comes home to the hand that chose it.”

Simon Armitage (1963) Poet, playwright, novelist

Source: The Death of King Arthur: A New Verse Translation

“Tyrants forbid citizens to do their duty as free men. Free government permits them to do it. Liberal education enables them to do it.”

Stringfellow Barr (1897–1982) American writer

"Liberal Education: Enabling Citizens to do their Duty as Free Men", Report of the president of St. John's College to the Board of Visitors and Governors, May, 1941. Hanging in Buchanan Hall, St. John's College Annapolis

“Finally, a nation should not regard the progress of industries from a purely economic point of view. Manufactures become a very important part of the nation‘s political and cultural heritage.”

Friedrich List (1789–1846) German economist with dual American citizenship

Source: The Natural System of Political Economy (1837), p. 39

“I have read the Liberal programme. They talk of cooperation between employer and employed. That is not the problem. There is no use in cooperating when there is no work to be done. There is no use in imposing capital levies upon a capital which every year dwindles and disappears. … The problem that awaits the people of this country is to increase the markets within which their goods can find employment, and you will never increase those markets until you have enabled our working people on equal terms and our manufacturers on equal terms to deal with the working people and manufacturers of the world.”

F. E. Smith, 1st Earl of Birkenhead (1872–1930) British politician

Speech to the Constitutional Club (20 November 1923), quoted in The Times (21 November 1923), p. 17

Help us to complete the source, original and additional information

Adam Smith175

Related quotes

Related topics