The book Economic Inquiries And Studies volume 2 was written by author Robert Giffen Here you can read free online of Economic Inquiries And Studies volume 2 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Economic Inquiries And Studies volume 2 a good or bad book?
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The high duties are thus revenue duties, often bad duties of their kind, but they are not Protective in the proper sense of the word. I was greatly struck during a visit to Australia some years ago by the ineffectiveness of the tariffs of the Australian colonies, even those that were most Pro- tectionist in their policy, for any purpose of Protec- tion, because the industries to be protected did not exist. The whole manufacturing population of a colony like Victoria, with a total population of ...\\ millions, is not more than 50, 000 or 60, 000, and a large part are engaged in the manufacture of mineral waters and in other manufactures, which would, in any case, be local, I 82 ECONOMIC INQUIRIES AND STUDIES whatever the tariff. * Evenwith countries more advanced in manufacturing, like France, the United States, and Germany, there are many specialties where there is no home industry to compete with the imports. To take the United States ; it is doubtful whether even 5 per cent, of the producers receive any Protection from the tariff of any sort or kind.
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