Interference With Foreign Trade: A Supplementary Chapter to Elements of Political Economy (Classic Reprint) - Hardcover

James Bonar

Hardcover

ISBN 10: 0656415088 ISBN 13: 9780656415083

Publisher: Forgotten Books, 2022

Synopsis

Protecting industry often costs the many more than it saves for the few.

This book argues that open trade, not closed doors, best serves a nation’s well‑being and long‑term wealth.

Across chapters, the author examines how tariffs can raise prices for everyday goods, shift profits to protected groups, and leave consumers with fewer choices. It presents a clear case for free imports as a driver of abundance, while warning that protection can distort incentives and waste labor. The discussion also covers how international trade really works, including the movement of money, goods, and services between nations and the hidden ways that nations benefit from exchange.

• See why rising import costs can hit daily living, not just merchant profits.
• Learn how imports can increase total national well‑being by expanding choices and comforts.
• Understand how the balance of trade and currency factors relate to real economic welfare.
• Explore the imperial and colonial dimensions of free trade versus protectionism.

Ideal for readers of economic history, policy analysis, and debates on how best to manage a country’s trade with the world.

Edition details

• Publisher: Forgotten Books
• Publication date: 2022
• Language: English
• ISBN 10: 0656415088
• ISBN 13: 9780656415083
• Binding: Hardcover
• Number of pages: 44