I myself used to say that men would ruin themselves if they were left to barter freely!
Category: Division of labour
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.