Quoteland.com Home Topics Resources Groups
Education FAQs Site Info Contact Us About the Authors
RATE A QUOTE
Bookmark and Share
Trade (import / export)
BooksBooks about Trade (import / export)
Engrave a QuoteClick this icon to engrave the quote on mugs, bookmarks, t-shirts and much more
Bad                     Good
Adam Smith
View all quotes from this author
Engrave this Quote Though the encouragement of exportation and the discouragement of importation are the two great engines by which the mercantile system proposes to enrich every country, yet with regard to some particular commodities it seems to follow an opposite plan: to discourage exportation and to encourage importation. Its ultimate object, however, it pretends, is always the same, to enrich the country by the advantageous balance of trade. It discourages the exportation of the materials of manufacture, and of the instruments of trade, in order to give our own workmen an advantage, and to enable them to undersell those of other nations in all foreign markets; and by restraining, in this manner, the exportation of a few commodities of no great price, it proposes to occasion a much greater and more valuable exportation of others. It encourages the importation of the materials of manufacture in order that our own people may be enabled to work them up more cheaply, and thereby prevent a greater and more valuable importation of the manufactured commodities.
-Adam Smith, Wealth of Nations, Book IV, Chapter VIII (Everyman Tell a Friend


 


Copyright © 1997-2001 Quoteland.com, Inc., all rights reserved unless otherwise noted.  

 
Quoteland would like to thank Quotations Book for its extensive contribution to our database
Follow Quoteland on twitter: