Quote of the Day for November 28, 2014

Birthday of Henry Hazlitt (1894-1993).
332: From Malthus, An Essay on the Principle of Population, 6th edition, Book III, Chapter IX:

    In the middle of the 15th century, Bruges in Flanders was the great entrepôt of the trade between the north and the south of Europe. Early in the 16th century its commerce began to decline under the competition of Antwerp. Many English and foreign merchants in consequence left the declining city, to settle in that which was rapidly increasing in commerce and wealth. About the middle of the 16th century Antwerp was at the zenith of its power. It contained above a hundred thousand inhabitants, and was universally allowed to be the most illustrious mercantile city, and to carry on the most extensive and richest commerce of any in the north of Europe.

    III.IX.17 (paragraph number)

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