International Trade - An Application of Economic Theory #267301

Thinking it possible that some students of fiscal policy may retain sufficient regard for economic principles to seek their aid towards a clearer understanding of the issues involved in International Trade, I have designed in these chapters to make an orderly application of some leading principles to the questions of Free Trade and of Preferential and Protective Tariffs.<br><br>My aim has been to use as sparingly as possible the technical language of economic science, and to give so clear an explanation of the terms I use as to enable those unversed in that science to understand the lines of argument. A somewhat close following of the methods of discussion commonly employed by protectionists and free traders alike has impressed me with the urgent need of more rigorous thought, and of a removal of the subject from the heated atmosphere of partisan controversy to one more favourable to a calm and concluded judgment.