In principle, prosperity might be very great, even if trade were very
bad. If a village were so fortunately situated that, for some reason, it
was easy for every family to keep its own chickens, to grow its own
vegetables, to milk its own cow and (I will add) to brew its own beer,
the standard of life and property might be very high indeed, even though
the long memory of the Oldest Inhabitant only recorded two or three
pure transactions of trade; if he could only recall the one far-off
event of his neighbour buying a new hat from a Gypsy’s barrow; or the
singular incident of Farmer Billings purchasing an umbrella.
http://www.chesterton.org/reflections-on-a-rotten-apple/
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