“Perhaps the worst of the three fallacies, and in a sense the deepest-rooted, is the concept of export trade as of more value than import trade.”

— J.A. Hobson

The Morals of Economic Irrationalism (1920), p.12

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J.A. Hobson 26

English economist, social scientist and critic of imperiali… 1858–1940

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“Perhaps the worst of the three fallacies, and in a sense the deepest-rooted, is the concept of export trade as of more value than import trade.”

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J.A. Hobson 26

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