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infospace: process book-4-chapter-02

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Extract entities, map to VSM, and synthesize analysis.
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Bernd Worsch
2026-02-19 21:19:39 +01:00
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-4-chapter-02 -->
# Prudent Family Maxim
## Definition
The economic principle that individuals and families should not attempt to produce at home what costs more to make than to purchase from others. This maxim guides efficient resource allocation at the household level and serves as a model for national economic policy.
## Source Chapter
Book IV, Chapter 2
## Context
Smith uses the example of a tailor not making his own shoes and a shoemaker not making his own clothes to illustrate how specialization and trade lead to greater efficiency. He argues this same principle should guide national economic policy regarding imports and domestic production.
## Economic Domain
Exchange
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