Protection and Free Trade: An Inquiry Whether Protective Duties Can Benefit the Interests of a Country in the Aggregate. Including an Examination Into the Nature of Value, and the Agency of the Natural Forces in Producing itG. P. Putnam's Sons, 1875 - 190 sayfa |
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admitted aggregate American argument assumed Bastiat benefit capital and labor cent cloth co-operation coal commerce commodities consumer cost cotton created dollar effect elements or factors equal exchange fact factors of production favored foreign Frederic Bastiat free trade G. P. PUTNAM'S SONS given quantity gold gratuitous Greeley hence Henry Clay Horace Greeley human labor hypothesis imports increase intelligence Iowa iron ISAAC BUTTS labor and capital legislation less mankind manufacture materials and forces matter McLeod's Theory means measure ment nations natural forces natural laws natural place necessarily owner pig iron political economy portion principles private property production of values profits property in land property or quality proposition protectionism protectionists protective duties protective tariff prove quantity of labor question relation respect result says secure simply Social Statics soil sumers supply Theory of Banking tion valeur values produced wants wealth wheat
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Sayfa 155 - ... capitals ; but one of them only is employed in supporting domestic industry. The capital which sends British goods to Portugal, and brings back Portuguese goods to Great Britain, replaces, by every such operation, only one British capital. The other is a Portuguese one. Though the returns, therefore, of the foreign trade of consumption, should be as quick as those of the home trade, the capital employed in it will give but one half of the encouragement to the industry or productive labour of...
Sayfa 72 - mixed his labor with " certain products of the earth ; and his claim to them is in this case valid, because he obtained the consent of society before so expending his labor; and having fulfilled the condition which society imposed in giving that consent — the payment of rent — society, to fulfil its part of the agreement, must acknowledge his title to that surplus which remains after the rent has been paid.
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Sayfa 68 - And this verdict enjoins a protest against every existing pretension to the individual possession of the soil ; and dictates the assertion, that the right of mankind at large to the earth's surface is still valid; all deeds, customs, and laws notwithstanding. Not only have present land tenures an indefensible origin, but it is impossible to discover any mode in which land can become private property.
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