The Tariff Problem
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In our eReader you can find the full English version of the book. Read The Tariff Problem 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 Tariff Problem
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/ This presents a problem for the importing Jcountry such as had not arisen when the fathers of Political Economy wrote, and which they there- I fore did not contemplate — a problem towards the wise handhng of which their reasoning gives us little, if any, help. " Buy in the cheapest market and sell in the dearest " did not mean with Adam A POLICY OF INDUSTRIAL DEFENCE. 115 Smith that it was always wise to buy in the momentarily cheap market regardless of all other circumstances. It meant, rath...er, to buy in those markets which would be continuously and perma- nently cheaper, if every country were left free to utilise its own peculiar " advantages." What we have to face in England for some time to come are periods of temporarily cheap imports, followed by a return of the old prices each time the wave of prosperity returns in the exporting country. It would be to overlook the most obvious facts to assert that such importation is an unmixed evil. To the complaints of the home manufacturers who find their domestic market invaded it can always be retorted that the consumer benefits by the low prices ; and these consumers are often other manufacturers to whom the imports are raw materials.
What to read after The Tariff Problem?
You can find similar books in the "Read Also" column, or choose other free books by Ashley, W. J. (William James), Sir, 1860-1927 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
/ This presents a problem for the importing Jcountry such as had not arisen when the fathers of Political Economy wrote, and which they there- I fore did not contemplate — a problem towards the wise handhng of which their reasoning gives us little, if any, help. " Buy in the cheapest market and sell in the dearest " did not mean with Adam A POLICY OF INDUSTRIAL DEFENCE. 115 Smith that it was always wise to buy in the momentarily cheap market regardless of all other circumstances. It meant, rath...er, to buy in those markets which would be continuously and perma- nently cheaper, if every country were left free to utilise its own peculiar " advantages." What we have to face in England for some time to come are periods of temporarily cheap imports, followed by a return of the old prices each time the wave of prosperity returns in the exporting country. It would be to overlook the most obvious facts to assert that such importation is an unmixed evil. To the complaints of the home manufacturers who find their domestic market invaded it can always be retorted that the consumer benefits by the low prices ; and these consumers are often other manufacturers to whom the imports are raw materials.
What to read after The Tariff Problem?
You can find similar books in the "Read Also" column, or choose other free books by Ashley, W. J. (William James), Sir, 1860-1927 to read onlineMoreLess
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