≡ Menu

Quotation of the Day…

… is from page 37 of Eamonn Butler’s 2021 book, An Introduction to Trade & Globalisation (reference deleted; link added):

As Richard Cobden realised, the non-material, non-economic benefits of trade are also profound. Regardless of their economic impact, the choice, innovation, and progress that are brought by trade improve our lives and the world we live in. Trade brings us better clothing, a better diet, better healthcare, better technology and much else.

Peace, which is not only valuable in its own right but also essential to economic life, is also promoted by trade, because trade demands that we deal with people from outside our own country and culture. To trade well with others, we must come to understand – and respect, or at least tolerate – their values. Such familiarity diminishes any hostility we may have towards them.

DBx: Yes.

Pictured here is Richard Cobden.