This important monograph on commercial policy was written by the best-known and most authoritative American student of the tariff. It examines theoretical principles relating to the controversy on free trade and protection--the effect of duties on imports and prices, the infant industry argument and the principle of comparative advantage--and includes illustrations and verifications drawn from the histories of several industries such as sugar, iron and steel, and silk, cotton and wool manufacture. The third enlarged edition here reprinted was continued to 1930 with the cooperation of H.D. White. "Practically sums up and condenses ... the conclusions of a life of thoughtful study of a great problem." Journal of Political Economy. "An important contribution to American economic history." International Encyclopedia of the Social Sciences
--This text refers to an out of print or unavailable edition of this title.
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