Some Economic Aspects of International Relations Papers

Cover Some Economic Aspects of International Relations Papers
Some Economic Aspects of International Relations Papers
Edwin Cannan
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And further, if his answer is in the affirmative, whether he believes that a protectionist policy would not tend to form monopolies and trusts, and if this be the case whether State control and nationalisa- tion of industry is not the only line of progress ? Answer : I am in favour of State control during $he immediate post-war period, but I am not in favour of the complete nationalisation of all the industries in this country. I should be in favour of an increase in State responsibility in tha...t way, but to ask the State now to take over all industries does not seem to me practicable. Question : As regards Free Trade and Protection after the war. Does the lecturer believe that the only line of progress from the labour standpoint is to offer inducements by a protectionist policy in order to encourage monopolies and trusts because that would be the easiest way for the State to take control ? 77 Answer : It may be desirable to encourage monopolies under State control in certain industries, to have a greater amalgamation of firms and to put them under State control or ownership ; but, on the other hand, this is not necessarily bound up with Protection.

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