...governments form a part of the organisation of world trade, and most of those policies are obstructive. " In a regime of free trade and free economic intercourse...that iron lay on one side of a political frontier and labour, coal and blast-furnaces on the other. But as it is, men have devised ways to impoverish themselves...

...In fact, here, as elsewhere, political considerations cut disastrously across economic. In a régime of Free Trade and free economic intercourse it would...ways to impoverish themselves and one another ; and prefer collective animosities to individual happiness. It seems certain, calculating on the present...

...world of free trade, political borders are economically irrelevant. As Keynes (1920, p. 99) put it: "In a regime of Free Trade and free economic intercourse...ways to impoverish themselves and one another; and prefer collective animosities to individual happiness." In other words, political size and political...

...Smith, The Wealth of Nations (New York: The Modern Library, 1994, first published 1776), p. 14. 72. "In a regime of Free Trade and free economic intercourse...that iron lay on one side of a political frontier and labour, coal, and blast furnaces on the other. But as it is, men have devised ways to impoverish themselves...

...considerations cut disastrously across economic. In a regime of Free Trade and free economic intercoarse it would be of little consequence that iron lay on one side of a poltical frontier, and labor, coal, and blast furnaces on the other. But as it is, men have devised...