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. - John Atkinson Hobson

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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.

English
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About John Atkinson Hobson

John Atkinson Hobson (6 July 1858 – 1 April 1940), or J. A. Hobson, was an English economist, social scientist, lecturer, writer and critic of imperialism.

Also Known As

Alternative Names: J. A. Hobson John A. Hobson
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Additional quotes by John Atkinson Hobson

[T]he instinct for control of land, drives back to the earliest times when a wide range of land was necessary for a food supply for men or cattle, and is linked on to the "trek" habit, which survives more powerfully than is commonly supposed in civilised peoples. ... The animal lust of struggle, once a necessity, survives in the blood.

All progress, from primitive savagedom to modern civilisation, will... appear as consisting in the progressive socialisation of the lower functions, the stoppage of lower forms of competition and of the education of the more brutal qualities, in order that a larger and larger proportion of individual activity may be engaged in the exercise of higher functions, the practice of competition upon higher planes, and the education of higher forms of fitness.

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It is untrue that the world market is strictly limited, with the consequence that every advance of one group of traders is at the expense of another group. The world market is indefinitely expansible and is always expanding...

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