To equalize the conditions of production is not only to obstruct - TopicsExpress



          

To equalize the conditions of production is not only to obstruct exchange to some extent but also to attack exchange at its very foundations; for exchange is based precisely on the diversity, or, if you prefer, on the inequalities of fertility, skill, climate, and temperature, that you are seeking to eliminate. If Guienne sends wines to Brittany, and if Brittany sends wheat to Guienne, it is because these two provinces offer different conditions for production. Is international trade conducted on a different basis? Moreover, to attack the inequalities in conditions that give rise to exchange and that account for it is in effect to attack exchange itself. - Frédéric Bastiat bastiatinstitute.liberty.me/2014/10/10/economic-sophisms-chapter-4-equalizing-the-conditions-of-production/
Posted on: Fri, 10 Oct 2014 23:06:29 +0000

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