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The Monthly Review, Vol. 8 - July September, 1902 (Classic Reprint) (Cód: 10043065)


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The Monthly Review, Vol. 8 - July September, 1902 (Classic Reprint)


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Excerpt from The Monthly Review, Vol. 8: July September, 1902 But offensive and defensive methods do not constitute ex haustive alternatives, and the fact that circumstances in the future are likely to be increasingly favourable to the former does not in itself prove that they will be preferable to the laissezfaire policy at present accepted. Various considerations, however, may be mentioned which should at least make us hesitate to assume the contrary. In the first place, it is important to notice the relation of free trade to the two types of policy which have been contrasted above. According to the generally accepted view the primary and fundamental division of economic systems is into those which involve and those which exclude state ia tervention. But while for certain purposes this dichotomy is perfectly legitimate, it is also possible to regard free trade rather as a via media which is neither protective nor aggressive; which seeks neither to preserve national self-sufliciency nor to hasten national specialisation. This, taken in connection with the fact admitted by most economists, that a certain degree of protec tion is often necessary during the earlier stages of industrial growth, would appear to indicate, or, at least, suggest, that free trade occupies the same middle piece in time as it does in theory; in other words, that under normal conditions of development protection, free trade, aggression, should represent successive phases of national policy. Further, if in the near future industrial specialisation, within certain limits, will be to the advantage of most States, there does not seem adequate reason for regarding it as impossible to facilitate (without nu duly accelerating) the process by means, for instance, of a skil fully adj usted bounty system. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at 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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Marca Forgotten Books
Cód. Barras 9781333211608
Altura 22.91 cm
I.S.B.N. 1333211600
Profundidade 3.35 cm
Referência 9781333211608
Acabamento Brochura
Ano da edição 2018
Idioma Inglês
País de Origem Estados Unidos
Número de Páginas 656
Peso 0.86 Kg
Largura 15.19 cm