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Subject Area: Economics
Topic: Free Trade

CHAPTER I: PROTECTIONIST POSTULATES - Yves Guyot, The Comedy of Protection [1906]

Edition used:

The Comedy of Protection, trans. M.A. Hamilton (London: Hodder and Stoughton, 1906).

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CHAPTER I

PROTECTIONIST POSTULATES

A nation ought—

  • I.
    • i. To be self-sufficient.
    • ii. To keep out foreign goods by a rise in duties.
    • iii.
      • (α) Always to buy at home rather than abroad, even where the commodities are inferior and more expensive.
      • (β) To prevent money from going out of the country, so as to give it to workmen at home rather than to the foreigner, and thus avoid enriching its neighbours. (Colbert and Méline.)
  • II. To develop the wealth of the country by encouraging production through Protection given to home industries against the more advanced industries of other countries. (List.)
  • III. To abolish the conflict of interests at home, and by assuring work to the workmen to defend the interests of the majority when the Government is based on a wide electoral franchise.
  • IV. Foreign trade is not carried on between individuals, but between nations. (List.)