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Quotation of the Day…
Posted By Don Boudreaux On January 12, 2014 @ 7:16 am In History,Myths and Fallacies,Trade | Comments Disabled
… 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.
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