Note 225 — Front matter (continued 5)

The same points had previously been brought forward by others, although not so vigorously enforced. Thus the well-known Belgian economist and publicist, Emile de Laveleye, pointed out (Pall Mall Gazette, 4th August, 1888) that "the happiest countries are incontestably the smallest: Switzerland, Norway, Luxembourg, and still more the Republics of San Marino and Val d'Andorre"; and that "countries in general, even when victorious, do not profit by their conquests."