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Quotation of the Day…

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… is from page 361 of my colleague Larry White’s superb 2012 book, The Clash of Economic [2] Ideas [2]:

UnknownEconomists clash relatively little on the issue of international trade.  From the premise that any voluntary trade benefits both parties as they themselves see it (otherwise one party would have refused) and the premise that international trade is voluntary trade (between parties in different countries), it follows that international trade benefits both parties as they themselves see it.

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