Mr Balfours Pamphlet
Mr Balfours Pamphlet
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That is enough to say about a myth that has already served as a substitute for argument to a whole generation of Protectionists.
AN IMAGINARY ISLAND.
Two of Mr. Balfour 's principal arguments have now been disposed of. We come next to an argument which has, at any rate, the merit of originality, and to which he devotes many pages. The argument begins with the statement that Free Trade will not " under conceivable circumstances " save a country " from being worse off A REPLY 11 than it would hav...e been if it had never pursued a Free Trade policy at all " * (p. 9). This cryptic utterance is illustrated by an imaginary case of an island that " had founded its industrial system on a Free Trade basis, " and " encouraged the growth of population and the invest- ment of capital, " only to discover that its industries were at the mercy of foreign Protectionists. From this imaginary island Mr. Balfour passes to the real island of Great Britain, and, after assuming that foreign countries are engaged in a deliberate conspiracy to destroy British industries, arrives at the conclusion that, if they succeed, " the island would no longer be able to support its existing population, nor would any equilibrium be attained until, at the cost of much suffering, it was reduced to the position of being self- sufficient " (p.
What to read after Mr Balfours Pamphlet?
You can find similar books in the "Read Also" column, or choose other free books by Harold Cox to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
That is enough to say about a myth that has already served as a substitute for argument to a whole generation of Protectionists.
AN IMAGINARY ISLAND.
Two of Mr. Balfour 's principal arguments have now been disposed of. We come next to an argument which has, at any rate, the merit of originality, and to which he devotes many pages. The argument begins with the statement that Free Trade will not " under conceivable circumstances " save a country " from being worse off A REPLY 11 than it would hav...e been if it had never pursued a Free Trade policy at all " * (p. 9). This cryptic utterance is illustrated by an imaginary case of an island that " had founded its industrial system on a Free Trade basis, " and " encouraged the growth of population and the invest- ment of capital, " only to discover that its industries were at the mercy of foreign Protectionists. From this imaginary island Mr. Balfour passes to the real island of Great Britain, and, after assuming that foreign countries are engaged in a deliberate conspiracy to destroy British industries, arrives at the conclusion that, if they succeed, " the island would no longer be able to support its existing population, nor would any equilibrium be attained until, at the cost of much suffering, it was reduced to the position of being self- sufficient " (p.
What to read after Mr Balfours Pamphlet?
You can find similar books in the "Read Also" column, or choose other free books by Harold Cox to read onlineMoreLess
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