International Trade

The world community of labor is based on the reciprocal advantage of all participants. Whoever wants to maintain and extend it must renounce all resentment in advance.

Nation, State, and Economy, p. 220

Foreign trade differs from domestic trade only in so far as goods and services are exchanged beyond the borderlines separating the territories of two sovereign nations.

Human Action, p. 662; p. 666

It is a matter of indifference whether one produces foodstuffs and raw materials at home oneself or, if it seems more economic, obtains them from abroad in exchange for other products that one has produced.

Nation, State, and Economy, p. 84

Imports are in fact paid for by exports and not by money.

The Theory of Money and Credit, p. 286