Quotation of the Day…

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… is from page 113 of Historical Impromptus, a 2020 collection of some of Deirdre McCloskey’s work on economic history; this quotation, specifically, is from McCloskey’s Spring 2001 review, in The American Scholar, of Niall Ferguson’s The Cash Nexus:

Britain, the first industrial nation and the champion of free trade, went from $1,800 in per capita income in 1820 to $3,300 in 1870, the figure nearly doubling despite a population explosion – and during the half-century in which the European avant garde, with Marx and Engels, turned against free markets.