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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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English Theories of the Functions of Government Since 1776

Frank Paddock - 1925 - 430 pages
...The statesman who should attempt to direct people in what manner they ought to direct their capital, would not only load himself with a most unnecessary...person, but to no council or senate whatever, and which nowhere would be so dangerous as in the hands of a man who had folly and presumption enough to fancy...
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Papers Relating to Political Economy, Volume 3

Francis Ysidro Edgeworth - Economics - 1925 - 304 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...
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Studies in Economic History: The Collected Papers of George Unwin ...

George Unwin - Economic history - 1927 - 608 pages
...afford to hear him to the extent of a sentence. Here is one that perhaps will serve : " 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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Economic Control: Australian Experiments in "rationalisation" and ...

Neil Skene Smith - Australia - 1929 - 356 pages
...international trade the original doctrine of Adam Smith is still put forward that the statesman, " who should attempt to direct private people in what...employ their capitals, would not only load himself with 1 The following statement of Sir Dudley North, writing in 1691, is sometimes quoted : "... the whole...
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The Useful Cobbler: Edmund Burke and the Politics of Progress

James Conniff - Political Science - 1994 - 384 pages
...not distort the economy. From a policy perspective, he thought the conclusion clear: "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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Adam Smith: Critical Assessments, Volume 3

John Cunningham Wood - Biography & Autobiography - 1993 - 664 pages
...or knowledge could ever be sufficient" [651]. No "statesman" or council or senate could be trusted "to direct private people in what manner they ought to employ their capitals" [ 423 ] - no trust could be put in "the skill of that insidious and crafty animal, vulgarly called...
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Adam Smith in His Time and Ours: Designing the Decent Society

Jerry Z. Muller - Business & Economics - 1995 - 292 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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Russian Economic Reform

James Leitzel, Jim Leitzel - Business & Economics - 1995 - 203 pages
...generally deliver the goods - the right goods, and made the right way. SOVIET ECON 101 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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Riches and Poverty: An Intellectual History of Political Economy in Britain ...

Donald Winch - Business & Economics - 1996 - 452 pages
...were distributed between employments according to individual and national advantage: 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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Lauderdale's Notes on Adam Smith's Wealth of Nations

James Maitland Earl of Lauderdale - Business & Economics - 1996 - 184 pages
...home-market to the produce of domestick 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 harmful regulation. If the produce of domestick...
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