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
foreign competition, and is essentially conservative and timorous.
To speak the truth, tariff duties are never of the nature of an
application of economic doctrines. They are the results of a compromise
between powerful interests which often enough have nothing in common with
the general interest, but are determined by purely political, financial,
or electoral considerations. Hence it is futile to hope for a trace of
List’s doctrines in the Protective tariffs actually in operation. His
influence, if indeed it is perceptible anywhere, must be sought amid the
subsidiary doctrines which uphold them.
The only complete exposition of Protectionism that has been given us
since List’s is that of Carey,[601] the American economist. Carey was
at first a Free Trader, but in 1858 became a Protectionist, and his
ideas, which were expounded in his great work _The Principles of Social
Science_, published in 1858-59, bear a striking resemblance to those of
his German predecessor.
Carey, like List, directs his attack against the industrial pre-eminence
of England, and substitutes for the ideal of international division
of labour the ideal of independent nationality, each nation devoting
itself to all branches of economic activity, and thus evolving its own
individuality. According to him, Free Trade tends to “establish one
single factory for the whole world, whither all the raw produce has to be
sent whatever be the cost of transport.”[602] The effect of this system
is to hinder or retard the progress of all nations for the sake of this
one. But a society waxes wealthy and strong only in proportion as it
helps in the development of a number of productive associations wherein
various kinds of employments are being pursued, which increase the demand
for mutual services and aid one another by their very proximity. Such
associations alone are capable of developing the latent faculties of
man[603] and of increasing his hold upon nature. These two traits help
to define economic progress. Under a slightly different form we have a
picture of the normal nation or the complex State so dear to the heart
of Friedrich List—an ideal of continuous progress as the object of
commercial policy being substituted for one of immediate enrichment.
Following List, but in a still more detailed fashion, Carey sought to
show the beneficial effects that the proximity of protected industry
would have upon agriculture. But unfortunately there are other arguments
upon which Carey lays equal stress that are really of a much more
debatable character.
Public-domain text, read in full here on John Shaqi.
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