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" The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single... "
A Statistical Account of the British Empire: Exhibiting Its Extent, Physical ... - Page 6
by John Ramsay McCulloch - 1839 - 736 pages
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Adam Smith

Francis Wrigley Hirst - Economists - 1904 - 270 pages
...their business and spend their money would not only be overloaded with work, but would be assuming an authority " which could safely be trusted, not...single person, but to no council or senate whatever." From this consideration we pass almost insensibly into the argument from the division of labour. "...
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Adam Smith

Francis Wrigley Hirst - Economists - 1904 - 262 pages
...ajjuuiil Uiuii1 uiuWiy would not oniy..be oveHoadecT Willl 'wTirlTpbut would be assuming an authoTify'" which could safely be trusted, not only to no single person, but to no council or senate whatever." From this consideration we pass almost insensibly into the argument from the division of labour. "...
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The Cambridge Modern History, Volume 10

John Emerich Edward Dalberg Acton Baron Acton, Sir Adolphus William Ward, George Walter Prothero, Sir Stanley Mordaunt Leathes - Enlightenment - 1907 - 992 pages
...considered that the directi of private people as to the employment of their capital could be "safe! trusted not only to no single person but to no council or senate whatever. His view that the State should not attempt to direct the employment capital is the more remarkable...
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The Library of Original Sources: Advance in knowledge, 1650-1800

Oliver Joseph Thatcher - Encyclopedias and dictionaries - 1907 - 484 pages
...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. If the produce of domestic...
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A Project of Empire: A Critical Study of the Economics of Imperialism, with ...

Joseph Shield Nicholson - Great Britain - 1909 - 328 pages
...that sovereigns make bad traders is only a variant on the betterknown proposition that for the state to direct private people in what manner they ought to employ their capitals must in almost all cases be either a useless or a hurtful regulation. § 8. Adam Smith's Appreciation...
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A Project of Empire: A Critical Study of the Economics of Imperialism, with ...

Joseph Shield Nicholson - Great Britain - 1909 - 324 pages
...that sovereigns make bad traders is only a variant on the betterknown proposition that for the state to direct private people in what manner they ought to employ their capitals must in almost all cases be either a useless or a hurtful regulation. § 8. Adam Smith's Appreciation...
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The Economic Journal: The Quarterly Journal of the Royal Economic ..., Volume 21

Economics - 1911 - 704 pages
...of Adam Smith, who had not this regime in view, and to describe the power of a Railway Commission as "an authority which could safely be trusted not only...single person, but to no council or senate whatever"? We have given the impressions which Professor Hammond's book has produced on us rather than his own...
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Current Economic Problems: A Series of Readings in the Control of Industrial ...

Walton Hale Hamilton - Economics - 1916 - 916 pages
...his local situation, judge much better than any statesman or lawgiver can do for him. The statesman who should attempt to direct private people in what...to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself...
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Outlines and Exercises in Economics

Reuben McKitrick - Economics - 1917 - 284 pages
...his local situation, judge much better than any statesman or lawgiver can do for him. The statesman, who should attempt to direct private people in what...to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself...
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Selected Readings in International Trade and Tariff Problems

Frank William Taussig - Commerce - 1921 - 586 pages
...his local situation, judge much better than any statesman or lawgiver can do for him. The statesman who should attempt to direct private people in what...to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself...
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