The Online Library of Liberty

A project of Liberty Fund, Inc.

• Preface
• The Comedy of Protection
• Book I: Fluctuations In the French Customs Tariff
• Chapter I: Colbertism and Its Effects
• Chapter II: From 1791 to 1814
• Chapter III: The Revenge of the ÉmigrÉs
• Chapter IV: The “feudatories” of the July Government
• Chapter V: Universal Suffrage—rampant Protectionism
• Chapter VI: Cobden and the 1860 Treaty
• Chapter VII: Submission of the Republicans to the Fiscal Policy of Their Adversaries
• Chapter VIII: Results of the 1860 Treaties
• Chapter IX: Economic Reaction of 1881
• Chapter X: Bargain Between Landlords and Manufacturers
• Chapter XI: Tariff Freedom
• Chapter XII: Breach In the Minimum Tariff
• Chapter XIII: Socialism and Dear Bread
• Chapter XIV: Deception
• Chapter XV: The Panacea of Bimetallism
• Chapter XVI: Underselling In Wines
• Chapter XVII: Tariff War Between France and Italy
• Chapter XVIII: Bounties to the Merchant Service
• Chapter XIX: Sugar Bounties
• Chapter XX: Import Bonds
• Chapter XXI: Temporary Admissions
• Chapter XXII: Foreign Trade Between 1860 and 1903—france and England
• Chapter XXIII: Thiers’ Agricultural Forecasts
• Chapter XXIV: Definite Results of the 1860 Treaty
• Chapter XXV: Reaction and the Protectionist Fever
• Book II: Protected and Restricted Industries
• Chapter I: The Postulates of Protection
• Chapter II: Relative Importance of Different Industries
• Chapter III: The Principal Group of Industries In France
• Chapter IV: The Textile Industries
• Chapter V: The Metal Trades
• Chapter VI: Skin and Leather Trade
• Chapter VII: Conclusion
• Book III: Bread and Meat In France
• Chapter I: Claims of the French Landed Proprietors
• Chapter II: Physiological Determination of the Standard Ration
• Chapter III: Bread In France
• Chapter IV: Protection and the Price of Bread
• Chapter V: Meat In France
• Chapter VI: Food In France, According to the Labour Bureau
• Chapter VII: French Agriculture and the Incidence of the Customs—deficiency In Production
• Book IV: The Protectionist Oligarchy
• Chapter I
• Book V: The Work of Death
• Chapter I: Food and Effort
• Chapter II: Nutrition and Evolution
• Chapter III: Nourishment and Mortality
• Chapter IV: Justice and Charity
• Book VI: Mr. Chamberlain’s Programme
• Chapter I: The Protectionist Tradition In England
• Chapter II: Mr. Chamberlain’s Programme
• Chapter III: Mr. Chamberlain’s Statements and the Customs House Returns
• Chapter IV: Export of Manufactures
• Chapter V: Food
• Chapter VI: Mr. Chamberlain and Imperial Unity
• Chapter VII: Arguments For Fiscal Reform
• Chapter VIII: Reasons For Mr. Chamberlain’s Defeat
• Book VII: Protection In the United States
• Chapter I: The American Tariff
• Chapter II: Protectionist Arguments
• Chapter III: Protection and Industrial Advance
• Chapter IV: The Burden of Protection
• Chapter V: Assessment of the Tariff
• Chapter VI: American Trade
• Chapter VII: Conclusions
• Book VIII: German National Economy
• Chapter I: National Political Economy
• Chapter II: Two Contradictory Fiscal Systems
• Chapter III: German Foreign Trade
• Chapter IV: Export Bounties and Cartels
• Chapter V: France and the New Tariff
• Chapter VI: Conclusions
• Book IX: Customs Statistics—the Balance of Trade, and the Balance of Indebtedness
• Chapter I: Customs Statistics
• Chapter II: The Balance of Trade and the Balance of Indebtedness
• Book X: MÉline’s Confession
• Chapter I: Conception—dramatising By M. MÉline
• Book XI: Protectionist Postulates and Economic Realities
• Chapter I: Protectionist Postulates
• Chapter II: Economic Realities
• Book XII: My Immediate Programme
• Chapter I: A Simple Programme
• Chapter II: Taxes On Extra European Goods Imported From a European Country
• Chapter III: The Export of Wines
• Chapter IV: Conditions of Export

CHAPTER VII

CONCLUSIONS

1.High wages are not due to Protection, but to the scarcity of skilled labour; of the emigrants few are skilled artisans, the majority being casuals or agricultural labourers, the best of whom become farmers.

2. Americans are too modest in attributing their success to Protection. In their case, as in that of every other nation, it is due to great natural resources in pasturage, forests, and mines, and to the energy, mechanical genius, and capacity for organisation shown by their people. When they replace their protective by a revenue tariff they will advance by leaps and bounds.

BOOK VIII

GERMAN NATIONAL ECONOMY