The Case Against Protection (Classic Reprint)
| Preis: | 12.95 EUR* (inkl. MWST zzgl. Versand - Preis kann jetzt höher sein!) |
| Versand: | 0.00 EUR Versandkostenfrei innerhalb von Deutschland |
| Partner: | buecher.de |
| Hersteller: | Forgotten Books (Cooke, E. Cozens) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from The Case Against Protection 1. First Principles. - No one will be bold enough to deny that Protection seriously interrupts the natural course of trade and aggravates the fluctuations and periodic crises which afflict the economic life of all modern communities. A protective policy develops and accentuates two tendencies - the tendency to overproduction caused by excessive profits, and the tendency to under-consumption caused by excessive prices, which are always operating to create divergence between supply and demand; and the inevitable crash is precipitated sooner and more violently than if this disturbing factor were absent. Against this admitted weakness of a protectionist system its supporters ask us to set two redeeming features - two special justifications: (I) the encouragement it affords to infant industries,(2) the diversity of employment and harmony of development which it, renders possible. The broad lines of retort to this double plea present no difficulty. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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