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acre Adam Smith agriculture alleged ancient assessment Bank of England British capital causes cent charge colonies common Corn Laws cost course Crown Crown estate currency custom debt doubt Dutch duty early economical economists effect eighteenth century employer English Europe exceedingly exchange experience exports fact farmer fifteenth century Flanders foreign France French gold grants Henry Henry VIII imports income industry Intercursus Magnus interest king king's labour land landowners lecture levied loans Lollards London Lord manufacture ment merchants nation paid Parliament peasant perhaps persons political poor practice principle produce profit protection Protectionist purchase quarter sessions reason reign rent revenue rolls of Parliament secure seventeenth century silver sixteenth statute Statute of Labourers supply Tandridge taxation tenant tion towns trade United Kingdom wages wealth Whigs Wiklif wool workmen
Página 117 - The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities ; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
Página 386 - ... of carrying it on until the producers have been educated up to the level of those with whom the processes are traditional. A protecting duty, continued for a reasonable time, might sometimes be the least inconvenient mode in which the nation can tax itself for the support of such an experiment.
Página 386 - Rae, that nothing has a greater tendency to promote improvements in any branch of production, than its trial under a new set of conditions. But it cannot be expected that individuals should, at their own risk, or rather to their certain loss, introduce a new manufacture, and bear the burden of carrying it on until the producers have been educated up to the level of those with whom the processes are traditional. A protecting duty, continued for a reasonable time, will sometimes be the least inconvenient...
Página 386 - The only case in which, on mere principles of .political economy, protecting duties can be defensible, is when they are imposed temporarily (especially in a young and rising nation) in hopes of naturalizing a foreign industry, in itself perfectly suitable to the circumstances of the country.
Página 386 - The superiority of one country over another in a branch of production often arises only from having begun it sooner. There may be no inherent advantage on one part, or disadvantage on the other, but only a present superiority of acquired skill and experience.
Página 386 - A protecting duty, continued for a reasonable time, will sometimes be the least inconvenient mode in which the nation can tax itself for the support of such an experiment. But the protection should be confined to cases in which there is good ground of assurance that the industry which it fosters will after a time be able to dispense with it ; nor should the domestic producers ever be allowed to expect that it will be continued to them beyond the time necessary for a fair trial of what they are capable...
Página 548 - The Destructive Influence of the Tariff upon Manufacture and Commerce, and the Figures and Facts Relating Thereto. By J. SCHOENHOF.
Página 11 - Egypt ceased to be the highway from Hindostan. I discovered that some cause must be at work which had hitherto been unsuspected in the sudden and enormous rise of prices in all Eastern products, at the close of the first quarter of the sixteenth century, and found that it must have come from the conquest of Egypt.
Página 11 - The discoveries were made none too soon. Selim I (1512-20) the sultan of Turkey conquered Mesopotamia and the holy towns of Arabia, and annexed Egypt during his brief reign. This conquest blocked the only remaining road which the Old World knew. The thriving manufactures of Alexandria were at once destroyed. Egypt ceased to be the highway from Hindostan.