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Quotation from On the Principles of Political Economy and Taxation by David Ricardo
“Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each.”
On the Principles of Political Economy and Taxation, Chapter VI: On foreign trade (On the Principles of Political Economy, and Taxation, 1st ed. (London: John Murray, 1817), Project Gutenberg #33310)
From the chapter on foreign trade, introducing the argument that both nations gain from trade even when one is more efficient at producing everything.
Citation: "Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each." — David Ricardo, On the Principles of Political Economy and Taxation, Chapter VI: On foreign trade (On the Principles of Political Economy, and Taxation, 1st ed. (London: John Murray, 1817), Project Gutenberg #33310). (id ricardo-principles-of-political-economy-and-taxation-q5)
