Observations On the Effects of the Corn Laws And of a Rise Or Fall in the Pric
Observations On the Effects of the Corn Laws And of a Rise Or Fall in the Pric
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But restrictions upon importation cannot have the slightest tendency of this kind. Their whole effect is to stint the supply of the general market, and to raise, not to lower, the price of corn.
Nor is it in their nature permanently to se- cure what is of more consequence, steadiness of prices. During the period indeed, in which the country is obliged regularly to import some foreign grain, a high duty upon it is effectual in steadily keeping up the price of home corn, and giving a very decided... stimulus to agriculture. But as soon as the average supply becomes equal to the average consumption, this steadiness ceases. A plentiful year will occasion a sudden fall; and 26 from the average price of the home produce being so much higher than in the other markets of Europe, such a fall can be but little relieved by exportation. It must be allowed, that a free trade in corn would in all ordinary cases not only secure a cheaper, but a more steady* supply of grain.
To counterbalance these striking advantages of a free trade in corn, what are the evils which are apprehended from it ?
What to read after Observations On the Effects of the Corn Laws And of a Rise Or Fall in the Pric?
You can find similar books in the "Read Also" column, or choose other free books by T R Thomas Robert Malthus to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
But restrictions upon importation cannot have the slightest tendency of this kind. Their whole effect is to stint the supply of the general market, and to raise, not to lower, the price of corn.
Nor is it in their nature permanently to se- cure what is of more consequence, steadiness of prices. During the period indeed, in which the country is obliged regularly to import some foreign grain, a high duty upon it is effectual in steadily keeping up the price of home corn, and giving a very decided... stimulus to agriculture. But as soon as the average supply becomes equal to the average consumption, this steadiness ceases. A plentiful year will occasion a sudden fall; and 26 from the average price of the home produce being so much higher than in the other markets of Europe, such a fall can be but little relieved by exportation. It must be allowed, that a free trade in corn would in all ordinary cases not only secure a cheaper, but a more steady* supply of grain.
To counterbalance these striking advantages of a free trade in corn, what are the evils which are apprehended from it ?
What to read after Observations On the Effects of the Corn Laws And of a Rise Or Fall in the Pric?
You can find similar books in the "Read Also" column, or choose other free books by T R Thomas Robert Malthus to read onlineMoreLess
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