...1880 S. 656. „The only case in which, on mere priuciples of political economy, protecting iluties can be defensible, is when they are imposed temporarily...country. The superiority of one country over another in a brauch of production, often arises only from having begun it sooner. But it cannot be expected that...

...stating it to be " the only case in which, on mere principles of political economy, protecting duties may be defensible, is when they are imposed temporarily...of the country. • The superiority of one country ove another in a branch of production often arises only from having begun it sooner. There may be no...

...which will be found in book v. chap. x., of this classical work. Mr. Mill, after stating it to be " the only case in which, on mere principles of political economy, , protecting duties may be defensible, is when they are imposed temporarily (especially in a young and rising nation),...

...538, comes very near giving an adequate *Utement of one of the good effects of protection ; he says : "The only case in which, on mere principles of political economy, protecting dti:;o« can be defensible, is when they are imposed temporarily (especially in a young and riing nation)...

...traders. Mill says (Principles of PE, V. ii., pp. 538-9): " The only case in which, on mere grounds of political economy, protecting duties can be defensible,...superiority of one country over another in a branch of industry often arises only from its having begun it sooner. A country which has this skill and experience...

...may in certain cases be economically gainful to a country to impose protective duties " temporarily, in hopes of naturalizing a foreign industry, in itself...perfectly suitable to the circumstances of the country." Doubtless such a duty — if it is both needed and effective — imposes a tax on the consumers of...

...quote it in full before entering upon any criticism of Mr. Mill's views. " The only case," says he, " in which, on mere principles of political economy,...(especially in a young and rising nation) in hopes of naturalising a foreign industry in itself perfectly suitable to the circumstances of the country. The...

...one country to undersell another? 8. (a) Why are wages high in new countries ? (b) What is Mill's " only case in which, on mere principles of political...economy, protecting duties can be defensible " ? Is it valid ? 4. What is Mill's distinction between home trade and international trade in respect to the...

...economically gainful to a country to impose protective duties " temporarily, in hopes of neutralising a foreign industry, in itself perfectly suitable to the circumstances of the country." Doubtless such a duty — if it is both needed and effective — imposes a tax on the consumers of...

...importation, it affords no revenue. The only case in which, on mere principles of political econ my, protecting duties can be defensible, is when they...naturalizing a foreign industry, in itself perfectly suitable the circumstances of the country. The superiority of one country over another in a branch of production,...