Protection and Free Trade (Classic Reprint): An Inquiry Whether Protective Duties Can Benefit the Interests of a Country in the Aggregate: An Inquiry ... a Country in the Aggregate (Classic Reprint) - Softcover
Synopsis
How do tariffs affect the value of work and the wealth of a nation? This book argues that protection shifts who profits and at what cost, challenging common views on trade policy. In these pages, the author analyzes how labor, nature, and the price of goods determine value, and how protective duties can change the direction of production. The discussion draws on practical examples and a steady, evidence-based approach to economic thinking.
The volume frames a clear question: can protective tariffs really benefit a country in the aggregate? It traces how labor seeks the best return when natural gifts and regulation interact, and why markets may respond differently under tariff walls than under free exchange. The text connects foundational ideas about value to real-world consequences for producers, workers, and consumers.
- How value is formed when labor and natural resources interact
- Why tariffs can redirect production and alter profits
- Critiques of protectionism from a free-trade perspective
- Implications for policy and the global flow of goods
Ideal for readers of political economy, trade policy, and economic history who want a rigorous, historically grounded look at protection and free trade.
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Protection and Free Trade (Classic Reprint)
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Paperback. Condition: New. Print on Demand. This book comprehensively examines the concepts of protectionism, value, and their impact on national policy. The author argues that the sum of a nation's labor and natural resources, when combined with intelligent direction, determines the efficiency of production. Any legislation that misdirects these elements diminishes a nation's prosperity. The author maintains that value is not a simple relation or external ratio as some economists argue but rather some property that attaches to or is inherent in a material object, which renders it desirable and enables it to satisfy one's wants. The author asserts that there are only two factors necessary to produce value: human labor and the natural forces. Utilizing these elements, the author argues that the natural forces available to man vary in amount, efficiency, or intensity in different countries, which prompts migration and industrial development. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781332792740_0
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Protection and Free Trade: An Inquiry Whether Protective Duties Can Benefit the Interests of a Country in the Aggregate (Classic Reprint)
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Protection and Free Trade An Inquiry Whether Protective Duties Can Benefit the Interests of a Country in the Aggregate Classic Reprint
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Protection and Free Trade An Inquiry Whether Protective Duties Can Benefit the Interests of a Country in the Aggregate Classic Reprint
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