The Premises of Free Trade Examined
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In our eReader you can find the full English version of the book. Read The Premises of Free Trade Examined 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 The Premises of Free Trade Examined
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We certainly are not called upon to draw any such absurd conclusion. The fall in 1873-74 was sufficiently accounted for by the sudden cessation by the community from the construction of new instruments of production, and the recent advance is sufficiently accounted for by the move- ment in the opposite direction now going on. When the community is fully employed, the gross annual product is large : there is much to divide, and wages and profits advance together. When a portion of the community ...is dismissed into idleness, the annual product is diminished : there is less to divide, and wages and profits fall together.
Professor Cairnes feels great anxiety about the Illinois farmer, lest he should not get enough for his corn, and have to pay too much for other things. He and M. Mongredien would like to have us confine ourselves to that in which we 25 have an advantage, and take the other things from England. The farmers could take $1, 000, 000, 000, and the rest of the community converted into farmers could take another $1, 000, - 000, 000 ; and, twenty -five years hence, when we number 100, 000, 000 of people, we could take twice as much, or say 81, 000, 000, 000 of other things.
What to read after The Premises of Free Trade Examined?
You can find similar books in the "Read Also" column, or choose other free books by George Basil Dixwell to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
We certainly are not called upon to draw any such absurd conclusion. The fall in 1873-74 was sufficiently accounted for by the sudden cessation by the community from the construction of new instruments of production, and the recent advance is sufficiently accounted for by the move- ment in the opposite direction now going on. When the community is fully employed, the gross annual product is large : there is much to divide, and wages and profits advance together. When a portion of the community ...is dismissed into idleness, the annual product is diminished : there is less to divide, and wages and profits fall together.
Professor Cairnes feels great anxiety about the Illinois farmer, lest he should not get enough for his corn, and have to pay too much for other things. He and M. Mongredien would like to have us confine ourselves to that in which we 25 have an advantage, and take the other things from England. The farmers could take $1, 000, 000, 000, and the rest of the community converted into farmers could take another $1, 000, - 000, 000 ; and, twenty -five years hence, when we number 100, 000, 000 of people, we could take twice as much, or say 81, 000, 000, 000 of other things.
What to read after The Premises of Free Trade Examined?
You can find similar books in the "Read Also" column, or choose other free books by George Basil Dixwell to read onlineMoreLess
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