“The expenses of the royal household, wars, and lavish public building were financed by tolls and the profits of the king's foreign trade monopoly, by conscription of labour and heavy taxation. The results were impoverishment of the masses, alienation of land, and the development of a proletariat.”

—  Eric Roll, Baron Roll of Ipsden

Source: A History of Economic Thought (1939), Chapter I, The Beginnings, p. 25

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Eric Roll, Baron Roll of Ipsden 24
British economist 1907–2005

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