Academic Affairs Office
“If a foreign country can supply us with a commodity cheaper than we ourselves can make it [we had] better buy it of them with some part of our own industry, employed in a way in which we have some advantage. The general industry of the country will not thereby be diminished, but only left to find out the way in which it can be employed with the greatest advantage.”
Although these words could easily have been spoken in the United States Senate today, they were written in 1776 by Adam Smith, the father of modern economic theory.
You, too, can learn all about what "makes the world go 'round" -- in MCC's Economics courses
(Click on instructor's name for Schedule and Office Hours)