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After almost a century, Marshall's Nationalist theory of commerce is more potent than ever; and nothing human is more certain than that it will gather new strength as far into the future as forecast can penetrate.
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gutenberg.orgAlbert Beveridge: “After almost a century, Marshall's Nationalist theory of commerce is more potent than ever; and nothing human is more…”
Editor's note · Context
Beveridge reflects on the enduring influence of Marshall's Nationalist theory of commerce over time.
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It could borrow money, but could not levy taxes or impose duties to pay the debt.
In argument and reasoning he was the equal if not the superior of Madison himself; and his grim personality made the meek one of Madison seem tender in comparison.
The passions of men stimulate them to avail themselves of the weakness of others.
On this, the only vital and enduring question involved, Marshall's views were clear and unshakable.
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