That a joint stock company should be able to carry on successfully any branch of foreign trade, when private adventurers can come into any sort of open and fair competition with them, seems contrary to all experience.


Chapter I, Part III, Article I, p. 810. - The Wealth of Nations (1776) - Book V

Adam Smith Quotes

That a joint stock company should be able to carry on successfully any branch of foreign trade, when private adventurers can come into any sort of...

That a joint stock company should be able to carry on successfully any branch of foreign trade, when private adventurers can come into any sort of...

That a joint stock company should be able to carry on successfully any branch of foreign trade, when private adventurers can come into any sort of...

That a joint stock company should be able to carry on successfully any branch of foreign trade, when private adventurers can come into any sort of...