The Rise And Decline of the Free Trade Movement
The Rise And Decline of the Free Trade Movement
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In our eReader you can find the full English version of the book. Read The Rise And Decline of the Free Trade Movement 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 Rise And Decline of the Free Trade Movement
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that economists are more profoundly conscious of the limitations of their science. The principles of economic science are generalisations which are more or less widely true ; they give us a basis for saying what is probable under certain circumstances. But they never can supply statements that are universally valid in the world of fact ; and therefore they never can tell us what must happen. The economic ' must' is a survival from an earlier phase of the science which has been superseded ; it b...elongs to the age of the doctrines of the 'wages fund, ' and of the 'last hour. ' The expert, who at the present day asserts that imports ' must ' be paid for by exports, or that goods ' must ' be paid for with goods is taking a tone he has no right to adopt. It is perfectly clear that on the whole and generally a purchaser ' must ' pay for the goods he receives, or shopkeepers will not continue to supply him ; as an abstract proposition he ' must ' pay for what he receives. There are probably a large number of places in which the state- ment that a man 'must' live within his income is true in fact.
What to read after The Rise And Decline of the Free Trade Movement?
You can find similar books in the "Read Also" column, or choose other free books by Cunningham, W. (William), 1849-1919 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
that economists are more profoundly conscious of the limitations of their science. The principles of economic science are generalisations which are more or less widely true ; they give us a basis for saying what is probable under certain circumstances. But they never can supply statements that are universally valid in the world of fact ; and therefore they never can tell us what must happen. The economic ' must' is a survival from an earlier phase of the science which has been superseded ; it b...elongs to the age of the doctrines of the 'wages fund, ' and of the 'last hour. ' The expert, who at the present day asserts that imports ' must ' be paid for by exports, or that goods ' must ' be paid for with goods is taking a tone he has no right to adopt. It is perfectly clear that on the whole and generally a purchaser ' must ' pay for the goods he receives, or shopkeepers will not continue to supply him ; as an abstract proposition he ' must ' pay for what he receives. There are probably a large number of places in which the state- ment that a man 'must' live within his income is true in fact.
What to read after The Rise And Decline of the Free Trade Movement?
You can find similar books in the "Read Also" column, or choose other free books by Cunningham, W. (William), 1849-1919 to read onlineMoreLess
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