Thomas Mackay

A Policy of Free Exchange (Large Print Edition): Essays by Various Writers Thomas Mackay Lrg edition

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"Free Trade, [it is argued], is the first great benefit which just economic reasoning has conferred on this country. The task before this and the next generation must be the clear establishment of the truth that a largely increased production of wealth and its equitable distribution among all classes of the population can be attained only by developing the facility and the multiplicity of exchange?in other words, by Free Exchange; and, further, that this rule is applicable to all forms of value, whether they be labour or credits or material commodities."