Quotation of the Day…

by Don Boudreaux on August 2, 2022

in Risk and Safety, Seen and Unseen, Standard of Living

… is from page 75 of Paul Seabright’s superb 2004 book, The Company of Strangers:

It is usually a mistake to think that the risks that come from depending on exchange with others are greater than the risks that come from facing the environment alone. Most families even three hundred years ago were far more likely to die from the failure of their own crops or from disease than are their descendants today to die from all causes combined.

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