Quotation of the Day…

by Don Boudreaux on October 2, 2011

in Complexity & Emergence, Seen and Unseen, Trade

… is from Book IV, Chap. 2, para. 11 of Adam Smith’s An Inquiry Into the Nature and Causes of the Wealth of Nations:

To give the monopoly of the home-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.


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