Quotation of the Day…

by Don Boudreaux on January 12, 2014

in History, Myths and Fallacies, Trade

… is from page 112 of the 1965 third edition of E.L. Woodward’s 1947 book, A History of England:

All doctrines tending toward economic self-sufficiency lead easily to jealousy and envy; the ‘mercantilist’ system was based on the view that the economic prosperity of one country could be secured only at the expense of other countries.  Anglo-Dutch rivalry and, later, Anglo-French rivalry therefore appeared as a struggle for a prosperity which could be seized but not shared.

Be Sociable, Share!

Comments

comments

Add a Comment    Share Share    Print    Email

Previous post:

Next post: