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612

THE ECONOMIC JOURNAL

which would occur in the case of that neutral equilibrium which
he imagines.

ducers in Germany and some of those in England to change the direction of their
productive forces and exchange German-made linen for English-made cloth on any

yards of cloth ; in exchange for which the Germans will be forced by competition t о
give 2,000,000 yards of linen, just gaining no advantage by the trade. Mangoldfs

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