Bonus Quotation of the Day…

by Don Boudreaux on December 17, 2022

in Competition, Cooperation, Doux Commerce, History, Trade

… is from page 478 of Will & Ariel Durant’s 1961 volume, The Age of Reason Begins:

The merchant rulers of the city [Amsterdam] allowed considerable religious freedom, for only in this way could trade be encouraged with peoples of diverse faiths.

DBx: All the many people who assert that free markets, commerce, and capitalism are built on, or generally encourage, invidious discrimination simply don’t know what they’re talking about. They’re ignorant of history and of economics.

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