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Synopsis
This book analyzes the economic history of trade and commerce, particularly examining foreign trade and interference with that trade by governments. While the author illustrates his points historically, he argues that the insights from this history are still applicable today. The author argues that governments often involve themselves in foreign trade in order to protect home industry, but that this protectionism comes with significant drawbacks. First, protectionism prevents weak sellers from being replaced by strong sellers, thus preserving inefficient businesses. Second, protectionism generally does not stop piracy, but rather raises prices for everyone. Third, protectionism fosters monopolies, which can lead to further inefficiency and injustice. The author thus advocates for free trade, arguing that it leads to greater abundance and variety of goods at lower prices for consumers. This policy also tends to increase the productivity and efficiency of businesses, leading to greater economic growth for the country as a whole.
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About the Author
James Bonar (1852-1941) was an English economist and a leading authority on Malthus and Adam Smith.
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Interference With Foreign Trade (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book analyzes the economic history of trade and commerce, particularly examining foreign trade and interference with that trade by governments. While the author illustrates his points historically, he argues that the insights from this history are still applicable today. The author argues that governments often involve themselves in foreign trade in order to protect home industry, but that this protectionism comes with significant drawbacks. First, protectionism prevents weak sellers from being replaced by strong sellers, thus preserving inefficient businesses. Second, protectionism generally does not stop piracy, but rather raises prices for everyone. Third, protectionism fosters monopolies, which can lead to further inefficiency and injustice. The author thus advocates for free trade, arguing that it leads to greater abundance and variety of goods at lower prices for consumers. This policy also tends to increase the productivity and efficiency of businesses, leading to greater economic growth for the country as a whole. 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 # 9781332418558_0
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Interference With Foreign Trade A Supplementary Chapter to Elements of Political Economy Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332418558
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Interference With Foreign Trade A Supplementary Chapter to Elements of Political Economy Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332418558
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Interference With Foreign Trade : A Supplementary Chapter to Elements of Political Economy (Classic Reprint)
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Condition: Sehr gut. Zustand: Sehr gut | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. Seller Inventory # 26105354/2
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