Note A2-5-2 — Chapter III
John J. (John Joseph) Lalor translation
J. S. Mill rightly calls it a remnant of the mercantile system that Adam Smith still saw the principal utility of foreign trade in the market for the home production which is thereby increased. But this utility is to be looked for not so much in what is exported as in what is imported. (Principles, II, ch. 17, 4.)