- Cafe Hayek - http://cafehayek.com -

Quotation of the Day…

Tweet [1]

… is from page 112 of the 1965 third edition of E.L. Woodward’s 1947 book, A History of England [2]:

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.