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Breve Trattato delle Cause che possono fare abbondare
li Regni d'Oro e d'Argento dove non sono Miniere

A photograph of Jacob Viner

Trade flows are redirected due to the formation of a free trade area or a customs union.

Trade flow is diverted from actually cost-efficient partner state to less efficient one

A photograph of Vilfredo Pareto

A photograph of Frank Knight

A photograph of Joseph A. Schumpeter