Quotation of the Day…
by Don Boudreaux
on November 27, 2016
… is from page 78 of Tomas Larsson’s important 2001 volume, The Race to the Top: The Real Story of Globalization (links added):
Free trade and free movements of capital are profoundly at odds with the nation-state. The Swedish economic historian Eli Heckscher has described how mercantilism emerged from the need of European Renaissance rulers to gather rival groups into more ordered political structures, which developed into what we today call “nations.” Mercantilism, then, is the very wellspring of the nation-state.
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