Labour Mobility Quotes
America’s first political economist
It was fairly common for Englishmen to never have been more than 50 miles from his place of birth. Transportation was slow and crude and expensive. At the same time, economic conditions were relatively good in England eliminating the necessity of migration for survival—unlike Scotland which had much more mobility. Although Toynbee observed the greater mobility of labor in the United States, at the time it was much less than it became with the construction of the National Highway System and the dominance of the automobile as a mode of transportation followed by low cost air transport.
This remarkable treatise is one of the first to explain the concept of Balance of Trade.