The book Elements of Political Economy was written by author Bonar, James, 1852-1941 Here you can read free online of Elements of Political Economy book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Elements of Political Economy a good or bad book?
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This political difference has been the pretext for an interference of governments with foreign 148 PROTFXTION [ CMAP trade, long abandoned by most of them in the case of domestic exchanges. Within the borders of the modern State, a trade takes care of itself; but a foreign trade is thought to need the special care of the legislature. In most modern States, accordingly, we find an elaborate system of devices to secure what the wisdom of legislatures con- ceives to be the better direction of the ...foreign trade of their peoples. Governments usually interfere with foreign trade in order (as it is said) to " protect " the home industries against all and sundry foreign assail- ants. Protection is an attractive word, suggest- ing the righting of a wrong or the defence of the oppressed against the oppressor. But in its fiscal sense it is a good name given to a policy of doubtful goodness. It may even appear that it is, like "perversion" and "orthodoxy, " a fallacy in one word which begs the question in dispute.
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