 That the maxim of buying in the cheapest market, and selling in the dearest, which regulates every merchant in his individual dealings, is strictly applicable as the best rule for the trade of the whole nation.  The Monthly magazine - Page 467by Monthly literary register - 1820Full view - About this book
 | Nassau William Senior - Economics - 1928 - 440 pages
...men of London presented, on the 8th of May, 1820, that celebrated petition, in which they affirmed— That the maxim of buying in the cheapest market, and...in his individual dealings, is strictly applicable as the best rule for the trade of every nation. That although, as a matter of mere diplomacy, it may... | |
 | Bernard Semmel - Business & Economics - 2004 - 266 pages
...prosperity of a country', and that 'freedom from restraint' was 'calculated to give the utmost extension to foreign trade, and the best direction to the capital and industry of the country'. The petition exalted 'the maxim of buying in the cheapest market, and selling in the dearest' as 'the... | |
 | James L. Huston - History - 1999 - 340 pages
...without governmental interference, the institution that determined his actions was the marketplace. "The maxim of buying in the cheapest market and selling...in his individual dealings, is strictly applicable as the best rule to the trade of the whole country," commented one editor. Moreover, the "general laws... | |
 | Eva Etzioni-Halevy - Social Science - 1989 - 216 pages
...embodied the following principle: "That freedom from restraint is calculated to give the utmost extension to foreign trade. and the best direction to the capital and industry of the country" 1Thomson. 1966. p. 162i. Subsequently. in Britain. the struggle for economic freedom. or the autonomy... | |
 | Lars Magnusson - Business & Economics - 1997 - 472 pages
...situation is better adapted. That freedom from restraint is calculated to give the utmost extension to foreign trade, and the best direction to the capital...in his individual dealings, is strictly applicable, as the best rule for the trade of the whole nation. That a policy founded on these principles would... | |
 | Deirdre N. McCloskey - Economic history - 2003 - 240 pages
...the policy of the nation, wrote: '[F]reedom from restraint is calculated to give the utmost extension to foreign trade, and the best direction to the capital and industry of the country ... [A] policy founded on these principles would render the commerce of the world an interchange of... | |
 | Thomas A. Boylan, Tadhg Foley - Economics - 2003 - 458 pages
...of mankind, the desire of obtaining wealth by the least sacrifice, or, in other words, the instinct of buying in the cheapest market, and selling in the dearest, which is the basis not of the doctrine of laissezfaire alone, but of every economic principle. Pride, whether... | |
 | B. Mark Smith - Business & Economics - 2004 - 351 pages
...evident in a public petition signed by nearly two hundred merchants in 1820. The petitioners stated that "the maxim of buying in the cheapest market and...in his individual dealings, is strictly applicable as the best rule for the trade of the nation as a whole."2 Opponents of mercantilist regulation, such... | |
 | W. Cunningham - History - 2017 - 232 pages
...situation is better adapted; that freedom from restraint is calculated to give the utmost extension to foreign trade, and the best direction to the capital...in his individual dealings, is strictly applicable as the best rule for the trade of the whole nation ; that a policy founded on these principles would... | |
 | Great Britain. Parliament - Great Britain - 1820 - 738 pages
...situation is better adapted; that freedom from restraint is {calculated to give the utmost extension to foreign trade, and the best direction to the capital...in his individual dealings, is strictly applicable, as the best rule for the trade of the whole nation ; that a policy, founded on these principles would... | |
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