Schumpeter made that argument in his essay, Imperialism. On Mon, Aug 02, 2004 at 06:57:20AM -0700, Devine, James wrote: > > Some scholars (sorry, I don't have the reference here) argue that even the British > empire wasn't profitable for Britain as a whole. But it clearly benefited the upper > classes, who were more important in decision-making. > > Jim Devine
-- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
