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"Why were monarchs unaware, for centuries,
of the great potential to themselves of permitting greater freedom to business ventures?
Monarchs do not always foresee the greater economic output that comes with freedom to trade,
but if they do, they do not always value it as highly as their power to suppress it.
When power is factored in as a desideratum, mercantilism has its logic."
-- John P. Powelson, Centuries
of Economic Endeavor, 1994 (Concluding remarks
in the chapter "The Great Divide [of medieval peasants and lords in Iberia]", p227/228)
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