Quote#Wisdom
The act of navigation is not favourable to foreign commerce, or to…
Quote byAdam Smith · 1723–1790
Commonly attributed — not confirmed in an authoritative edition. Cited on Wikiquote to: Book IV, Chapter II.
English (original)
The act of navigation is not favourable to foreign commerce, or to the growth of that opulence which can arise from it. ... As defence, however, is of much more importance than opulence, the act of navigation is, perhaps, the wisest of all the commercial regulations of England.
— Adam Smith
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