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" Two men can both make shoes and hats, and one is superior to the other in both employments ; but in making hats he can only exceed his competitor by one-fifth, or 20 per cent., and in making shoes he can excel him by one-third, or 33 per cent. ; will... "
The Theory of International Trade: With Some of Its Applications to Economic ... - Page 15
by Charles Francis Bastable - 1887 - 175 pages
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On the Principles of Political Economy, and Taxation

David Ricardo - Economics - 1821 - 560 pages
...more fertile, and corn could be grown with less labour than in the country from which it was imported. Two men can both make shoes and hats, and one is superior...and in making shoes he can excel him by one-third or 33 per cent. ; — will it not be for the interest of both, that the superior man should employ himself...
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The character & logical method of political economy, lectures

John Elliott Cairnes - 1857 - 204 pages
...to its simplest form, and then at once decides by an appeal to self-interest. " Two men," he says, " can both make shoes and hats, and one is superior...exceed his competitor by one-fifth or 20 per cent., while in making shoes he can excel him by one-third or 33 per cent.; will it not be for the interest...
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The Character and Logical Method of Political Economy

John Elliot Cairnes - Business & Economics - 1869 - 208 pages
...to its simplest form, and then at once decides by an appeal to self-interest. " Two men," he says, " can both make shoes and hats, and one is superior...exceed his competitor by one-fifth or 20 per cent., while in making shoes he can excel him by one-third or 33 per cent.; will it not be for the interest...
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The Character and Logical Method of Political Economy

John Elliott Cairnes - Economics - 1875 - 230 pages
...of men in the pursuit of wealth could only lead to the very result asserted. " Two men," he Bays, " can both make shoes and hats, and one is superior...making hats ; he can only exceed his competitor by one fifth, or 20 per i cent., while in making shoes he can excel him by one : third, or 33 per cent....
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The Character and Logical Method of Political Economy

John Elliott Cairnes - Economics - 1875 - 260 pages
...the pursuit of wealth could only lead to the very result asserted. " Two men," he says, " can l>oth make shoes and hats, and one is superior to the other in both employments ; but in making hats lie can only exceed his competitor by one-fifth or 20 per cent., while in making shoes he can excel...
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The Study of Political Economy ...

James Laurence Laughlin - Economics - 1885 - 170 pages
...of men in the pursuit of wealth could only lead to the very result asserted. ' Two men,' he says, ' can both make shoes and hats, and one is superior...in making hats he can only exceed his competitor by one fifth, or 20 per cent., while in making shoes he can excel him by one third, or 33 per cent. ;...
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The Works of David Ricardo

David Ricardo, John Ramsay McCulloch - Economics - 1886 - 688 pages
...more fertile, and corn could be grown with less labour than in the country from which it was imported. Two men can both make shoes and hats, and one is superior...the other in both employments; but in making hats, h« can only exceed his competitor bv niie-tifth or 20 per cent., and in making shoes he can excel...
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The Character and Logical Method of Political Economy

John Elliott Cairnes - Economics - 1888 - 244 pages
...of men in the pursuit of wealth could only lead to the very result asserted. " Two men," he says, " can both make shoes and hats, and one is superior...in making hats he can only exceed his competitor by one fifth, or 20 per cent., while in making shoes he can excel him by one third, or 33 per cent. ;...
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Human Progress: What Can Man Do to Further It?

Thomas S. Blair - Economics - 1896 - 596 pages
...motives of men in the pursuit of wealth could only lead to the very result asserted. 'Two men,' he says, 'can both make shoes and hats, and one is superior...exceed his competitor by one-fifth, or 20 per cent., while in making shoes he can excel him by one-third, or 33 per cent. : will it not be to In the case...
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Principles of Political Economy and Taxation

David Ricardo - Economics - 1903 - 946 pages
...more fertile, and corn could be grown with less labour than in the country from which it was imported. Two men can both make shoes and hats, and one is superior...by one-fifth or 20 per cent., and in making shoes lie can excel him by one-third or 33 per cent. ; — will it not be for the interest of both, that...
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