Historical Gleanings a Series of Sketches Montagu Walpole Adam Smith Cobbet
Historical Gleanings a Series of Sketches Montagu Walpole Adam Smith Cobbet
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In the political, as well as in the moral world, it is impossible to do evil and to succeed in achieving a good, to confer a real benefit by inflicting a real wrong. To the former reasons no answer need be given, for they deserve none. Only this we may say, that protection to nascent industries can never be so great a boon as the ultimate withdrawal of that protection is a certain loss. A permanent protection is no benefit to the protected industry, is a neces- sary loss to the community at lar...ge. A temporary protection is an injury to both parties; to the con- gumer first, to the producer afterwards. Abundant ADAM SMITH. 135 illustration could be supplied for this position, both in past and present times.
It is more reasonable to refer these enactments, made in the supposed interest of the State, or of in- choate industries, to the incidental compromises of party warfare. Did time permit, it would not be difficult to trace this influence in the protective regu- lations of the United States and Australia, and to show how much the apology of the present time is an after-thought, a mere explanation, intended to justify the claims of powerful and selfish factions.
What to read after Historical Gleanings a Series of Sketches Montagu Walpole Adam Smith Cobbet?
You can find similar books in the "Read Also" column, or choose other free books by James Edwin Thorold Rogers to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In the political, as well as in the moral world, it is impossible to do evil and to succeed in achieving a good, to confer a real benefit by inflicting a real wrong. To the former reasons no answer need be given, for they deserve none. Only this we may say, that protection to nascent industries can never be so great a boon as the ultimate withdrawal of that protection is a certain loss. A permanent protection is no benefit to the protected industry, is a neces- sary loss to the community at lar...ge. A temporary protection is an injury to both parties; to the con- gumer first, to the producer afterwards. Abundant ADAM SMITH. 135 illustration could be supplied for this position, both in past and present times.
It is more reasonable to refer these enactments, made in the supposed interest of the State, or of in- choate industries, to the incidental compromises of party warfare. Did time permit, it would not be difficult to trace this influence in the protective regu- lations of the United States and Australia, and to show how much the apology of the present time is an after-thought, a mere explanation, intended to justify the claims of powerful and selfish factions.
What to read after Historical Gleanings a Series of Sketches Montagu Walpole Adam Smith Cobbet?
You can find similar books in the "Read Also" column, or choose other free books by James Edwin Thorold Rogers to read onlineMoreLess
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