typeracer

Thus, whilst economists were accustomed to applaud the prevailing international system as furnishing the fruits of the international division of labor and harmonizing at the same time the interests of different nations, there lay concealed a less benign influence; and those statesmen were moved by common sense and a correct apprehension of the true course of events, who believed that if a rich, old country were to neglect the struggle for markets its prosperity would droop and fail.