Quotation of the Day…

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… is from page 38 of Razeen Sally’s superb 1998 book, Classical Liberalism and International Economic Order:

Both Hume and Smith assail the mercantilist Weltanschauung of a zero-sum international marketplace with rigidly limited opportunities, inevitably leading to the presumption that one nation’s gain is another nation’s loss. Both forcefully expounded the opposing contention that international trade is mutually beneficial or positive-sum in nature: home employment and national wealth are fostered, not endangered, by free trade.