The Americans are powerless in spinning cotton only because they earn more in doing something else.
Category: Division of labour
TO THE MINISTER FOR AGRICULTURE AND COMMERCE
We shall spread the principle of freedom when others will preach the principle of protection. Truth will emerge from the debate.
FREE TRADE ASSOCIATION
Freeing trade is a question of prosperity, justice, order and peace.
COBDEN AND THE LEAGUE
As for the shortage of work that is created by machines, there has never been a larger misunderstanding since the world was created.
LETTERS TO RICHARD COBDEN
Capital is the characteristic marker of progress. It is the necessary and unique conduit for it. Its special mission is to help value transitioning from being expensive to being free.
18. – THE MAYOR OF ÉNIOS.
I myself used to say that men would ruin themselves if they were left to barter freely!
16. – MAKING A MOUNTAIN OUT OF A MOLEHILL.
As economic facts act and react on one another, in turn becoming cause and effect, it must be agreed that they present an undeniable complication.
9. – A PROTEST.
You must see that if you open up communications with all these regions, we will have to endure a deluge of wine, wheat, meat, and wool.
VII. – A CHINESE TALE.
I can see that, in a little while, we will be short of everything, because we will no longer have any need to make anything.
XIX. – NATIONAL INDEPENDANCE.
I am fully aware that I will be blamed (for this is the current fashion) for resting fraternity between nations on self-interest, vile and prosaic interest.
XIII. – THEORY AND PRACTICE.
It is better to purchase from others what it would cost more to produce ourselves.
XII. – DOES PROTECTION INCREASE THE RATE OF PAY?
With a given amount of capital and labor, a quantity of output is created that decreases in proportion to the number of obstacles it encounters.