ECONOMICS: Postponed: Freer Trade

"God caused nature to distribute her benefits, or His blessings, to severall climates supplying the barenesse of some things in our country, with the fruitful-nesse and store of other countries, to the end that enterchangeably one common-weale should live with another."

So wrote, more than 300 years ago, a Lancashire merchant named Gerard Ma-lynes, faithful servant to Elizabeth of England and one of Britain's earliest economic writers. Two centuries after Ma-lynes this became the bright gospel of "Free Trade," which seemed to promise to all men the freedom of the ocean, the tolerance of the high road and the...

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