Outlines of Economics
Outlines of Economics
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In our eReader you can find the full English version of the book. Read Outlines of Economics Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Outlines of Economics
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To quickly assess the difficulty of the text, read a short excerpt:
Fisk, Int^riuUional Comm^Ual Policies, Chap. vi.
Digitized by Google INTERNATIONAL TRADE 361 Nature and Advantage of International Trade. — It is obvious that there must be some restriction of foreign trade. Fiscal necessity, for instance, forces most countries to raise a large part of their national revenue by import duties. Until a few years ago, " free-trade " England raised more national revenue from customs than any other single source of taxation. Trade restrictions have existed as long a...s international trade itself, and the real problem is not whether there shall be any restriction but where and when particular varieties of restraint are j^jstifi- able. To answer that question it is necessary to make some examination of the natiu-e and advantage of international trade.
By far the most important truth in this connection is the simple fact that trade is a necessary part of the process of pro- duction. Production consists of the creation of utility. The production of time and place utility is the primary function of trade.
What to read after Outlines of Economics?
You can find similar books in the "Read Also" column, or choose other free books by Richard Theodore Ely, Thomas Sewall Adams, Max Otto Lorenz, Allyn Abbott Young to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Fisk, Int^riuUional Comm^Ual Policies, Chap. vi.
Digitized by Google INTERNATIONAL TRADE 361 Nature and Advantage of International Trade. — It is obvious that there must be some restriction of foreign trade. Fiscal necessity, for instance, forces most countries to raise a large part of their national revenue by import duties. Until a few years ago, " free-trade " England raised more national revenue from customs than any other single source of taxation. Trade restrictions have existed as long a...s international trade itself, and the real problem is not whether there shall be any restriction but where and when particular varieties of restraint are j^jstifi- able. To answer that question it is necessary to make some examination of the natiu-e and advantage of international trade.
By far the most important truth in this connection is the simple fact that trade is a necessary part of the process of pro- duction. Production consists of the creation of utility. The production of time and place utility is the primary function of trade.
What to read after Outlines of Economics?
You can find similar books in the "Read Also" column, or choose other free books by Richard Theodore Ely, Thomas Sewall Adams, Max Otto Lorenz, Allyn Abbott Young to read onlineMoreLess
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