Economics, Or the Science of Wealth

Cover Economics, Or the Science of Wealth
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We therefore propose the following, ' Definition, Free Trade is the liberty of every ma?i to buy where he can buy cheapest aiid sell where he can sell I20 ECONOMICS.
dearest^ without any obstruction being thrown in his way by the interference of governmeiit.
The advocate of the most perfect freedom of trade is no enemy to duties imposed purely and simply for the purpose of raising revenue for the legitimate purposes of government. He only protests against imposts which are of the nature of a mo
...nopoly, — imposts levied for the purpose of screening certain products from the competi- tion of foreign producers. The general subject of im- posts for revenue will be considered in its- proper place.
It was necessary to say so much here to guard against a common misunderstanding.
Let us then proceed to examine those counteracting forces, which it is claimed set aside the results to which we were conducted in the last chapter, by developing the great natural laws of the science. These laws it is said are purely theoretic.


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