A history of economic doctrines : $b from the time of the physiocrats to the present dayGide, Charles
History
A history of economic doctrines : $b from the time of the physiocrats to the present day
Gide, Charles
Economics -- History
Far from being injurious to the economic development of the United
States, it seemed as if Protection had really helped it. What it actually
did was to quicken by the space of a few years an evolution which nature
herself was one day bound to accomplish. So vast was the territory, so
abundant the natural resources, and so advantageously were they placed
for the application of human energy that no system, however defective,
could long have delayed the accumulation of wealth. The similar condition
of Germany lent colour to the belief that the same experiment carried on
under similar circumstances would also succeed there.
Accordingly, List’s work, though not directly connected with any known
American system, is the first treatise which gives a clear indication of
the influence upon European thought of the economic experiences of the
New World.
In a beautiful paragraph in the _National System_ List has himself
confessed to this. “When afterwards I visited the United States, I cast
all books aside—they would only have tended to mislead me. The best
work on political economy which one can read in that modern land is
actual life. There one may see wildernesses grow into rich and mighty
states; and progress which requires centuries in Europe goes on there
before one’s eyes, viz. that from the condition of the mere hunter to
the rearing of cattle, from that to agriculture, and from the latter
to manufactures and commerce. There one may see how rents increase by
degrees from nothing to important revenues. There the simple peasant
knows practically far better than the most acute savants of the Old World
how agriculture and rents can be improved; he endeavours to attract
manufacturers and artificers to his vicinity. Nowhere so well as there
can one learn the importance of means of transport, and their effect on
the mental and material life of the people. That book of actual life I
have earnestly and diligently studied, and compared with the results of
my previous studies, experience, and reflections.”[597]
Public-domain text, read in full here on John Shaqi.
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