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Quotation of the Day…

Posted By Don Boudreaux On November 25, 2011 @ 7:38 am In Seen and Unseen,Trade | Comments Disabled

… is from Charles Davenant [1]‘s 1697 tract An essay on the East-India trade, as quoted on page 99 of Jacob Viner [2]‘s 1937 collection Studies in the Theory of International Trade [3]:

Trade is in its nature free, finds its own channel and best directeth its own course; and all laws to give it rules and directions, and to limit and circumscribe it, may serve the particular ends of private men, but are seldom advantageous to the public.

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[1] Charles Davenant: http://socserv.mcmaster.ca/econ/ugcm/3ll3/davenant/davenant.html

[2] Jacob Viner: http://www.econlib.org/library/Enc/bios/Viner.html

[3] Studies in the Theory of International Trade: http://www.econlib.org/library/NPDBooks/Viner/vnSTT.html

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