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
Carey’s doctrine, accordingly, cannot be attributed directly to the
influence of List. It remains to be seen whether List had any influence
upon European doctrines.
He undoubtedly succeeded in forcing the acceptance of the idea of a
temporary Protection for infant industries even upon Free Traders. The
most notable convert to this view was John Stuart Mill.[609] But it was
a somewhat Platonic concession that he made. He thought it inapplicable
to old countries, for their education was no longer incomplete, and at
best useful only for new countries.
Can modern Protectionists claim descent from List? In the absence of
any systematic treatise dealing with their ideas, it is not always easy
to glean the significance of their doctrines from the various articles,
discourses, and brochures amid which they are scattered.[610] Neglecting
those writers who are merely content to reproduce the old fallacies
of the Mercantile arguments concerning the balance of trade,[611] the
majority of them appear to base their case more or less explicitly
upon two principal arguments: (1) the necessity for economic autonomy;
(2) the patriotic necessity of securing a national market for national
products.[612] These two points of view, which are more or less clearly
avowed and accepted as political maxims, would, if applied with logical
strictness, result in making all external commerce useless. Each nation
would thus be reduced to using just those resources with which Nature
had happened to endow it, but it could get little if any of the goods
produced by the rest of mankind. These two ideas were not absolutely
foreign to List’s thought, although they never assumed anything more than
a secondary or subordinate character. He never considered them as the
permanent supports of a commercial policy.
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