The Economic Interpretation of History: (lectures Delivered in Worcester College Hall, Oxford, 1887-8)

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Putnam's Sons, 1888 - 547 páginas
 

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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.
Página 547 - The Tariff History of the United States, 1789-1888. Comprising the material contained in " Protection to Young Industries " and "History of the Present Tariff," together with the revisions and additions needed to complete the narrative.

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