Comments on: John Stuart Mill on the moral benefit of global trade (1848) http://blog.hudgeon.com/2008/11/08/john-stuart-mill-on-the-moral-benefit-of-global-trade-1848/ Managing vendors from sourcing through to payment reconciliation Mon, 15 Mar 2010 13:17:24 +0000 hourly 1 http://wordpress.com/ By: hudgeon http://blog.hudgeon.com/2008/11/08/john-stuart-mill-on-the-moral-benefit-of-global-trade-1848/#comment-12566 hudgeon Sun, 09 Nov 2008 21:01:33 +0000 http://hudgeon.wordpress.com/?p=215#comment-12566 Hi Mark, Thanks for your comment. I think the magic of trade is the "invisible" nature of the hand. People act in self-interest yet through these actions create overall value. In theory, the overall value can be, as you say, "lost on those in the 21st century" yet the benefits of trade continue to flow. Hi Mark,

Thanks for your comment. I think the magic of trade is the “invisible” nature of the hand. People act in self-interest yet through these actions create overall value. In theory, the overall value can be, as you say, “lost on those in the 21st century” yet the benefits of trade continue to flow.

]]> By: Mark Lovett http://blog.hudgeon.com/2008/11/08/john-stuart-mill-on-the-moral-benefit-of-global-trade-1848/#comment-12565 Mark Lovett Sat, 08 Nov 2008 15:42:09 +0000 http://hudgeon.wordpress.com/?p=215#comment-12565 This core of truth regarding international trade is lost on those in the 21st century. Their thoughts begin with self interest by way of the money they will earn, followed by a slight nod to improving the lives of those in developing nations, but they rarely touch on the more intangible benefits of contact with other cultures. Therein lies the true riches of trade. This core of truth regarding international trade is lost on those in the 21st century. Their thoughts begin with self interest by way of the money they will earn, followed by a slight nod to improving the lives of those in developing nations, but they rarely touch on the more intangible benefits of contact with other cultures. Therein lies the true riches of trade.

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