The Tariff Problem |
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abroad abstract Adam Smith advantages agricultural American argument Board of Trade Britain British Canada Canadian capital cent cheap cheaper coal Cobden colonies commercial competition considerable consumer Corn Laws depression doctrine domestic dumping economic economists effect Empire England English export factory factures favour figures foreign market free importation Free Trade German Government Imperial increase infant industries argument instance interest iron and steel Lancashire legislation London machinery Manchester manu manufac matter means ment millions mills Mother Country nation natural observers organisation P. S. KING pauperism period Political Economy population preferential present price of bread price of wheat principle probably Professor protection Protectionism quantity raw material reached reason recent recognised Repeal Russia self-governing colonies ships social Speech staple industries statistics supply syndicates tariff things tion tobacco tons United Kingdom Vereins für Socialpolitik W. J. ASHLEY wages wheat whole yarn
Popular passages
Page 1 - The property which every man has in his own labor, as it is the original foundation of all other property, so it is the most sacred and inviolable. The patrimony of a poor man...
Page 21 - No regulation of commerce can increase the quantity of industry in any society beyond what its capital can maintain. It can only divert a part of it into a direction into which it might not otherwise have gone...
Page 26 - There may be good policy in retaliations of this kind, when there is a probability that they will procure the repeal of the high duties or prohibitions complained of. The recovery of a great foreign market will generally more than compensate the transitory inconveniency of paying dearer during a short time for some sorts of goods.
Page 2 - By preferring the support of domestic to that of foreign industry he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
Page 26 - The case in which it may sometimes be a matter of deliberation, how far, or in what manner it is proper to restore the free importation of foreign goods, after it has been for some time interrupted, is, when particular manufactures, by means of high duties or prohibitions upon all foreign goods which can come into competition with them, have been so far extended as to employ...
Page 32 - After all that has been said of the levity and inconstancy of human nature, it appears evidently from experience that a man is of all sorts of luggage the most difficult to be transported.
Page 44 - With the progress of society the natural price of labour has always a tendency to rise, because one of the principal commodities by which its natural price is regulated, has a tendency to become dearer, from the greater difficulty of producing it.
Page 30 - Humanity may in this case require that the freedom of trade should be restored only by slow gradations, and with a good deal of reserve and circumspection.
Page 141 - 3. That with a view, however, to promoting the increase of trade within the Empire, it is desirable that those Colonies which have not already adopted such a policy should, as far as their circumstances permit, give substantial preferential treatment to the products and manufactures of the United Kingdom.
Page 89 - Congress to relieve the present situation, it is only a question of time, and a very short time at that...