Quotation of the Day…

(Don Boudreaux)

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… is from page 234 of economist Lionel Robbins’s superb and still-relevant 1937 book, Economic Planning and International Order:

From the forties to the seventies of the nineteenth century the trend of legislation almost everywhere was liberal. Tariffs were lowered. Personal unfreedom was abolished. Enterprise was freed. Monopolies were dissolved. International division of labor was extended. And the consequential increase of wealth was spectacular.