Quotation of the Day…

by Don Boudreaux on August 5, 2011

in History, Trade

… is from page 22 of the first volume of Eli Heckscher’s Mercantilism:

[Mercantilism’s] first object … was to make the state’s purposes decisive in a uniform economic sphere and to make all economic activity subservient to considerations corresponding to the requirements of the state and to the state’s domain regarded as uniform in nature.

Economic nationalism in service to the state.  What a lovely goal.


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