The Dynamics of the Fiscal Problem
The Dynamics of the Fiscal Problem
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In our eReader you can find the full English version of the book. Read The Dynamics of the Fiscal Problem Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Dynamics of the Fiscal Problem
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Similarly, with unlimited areas of fine agricultural land, she imported nearly all her food ; and, with the materials of leather cheaper than in any other part of the world, she imported all her shoes. What was the explanation of these facts? In all cases one and the same : it was to be found in the principle of comparative costs. Australia had considerable advantages over other countries in respect to timber, butter, food and shoes, but she had a greater advantage still in respect to gold ; an...d so it became her interest to obtain the former things by means of the latter. " Now, these are the lines on which a State is recommended to frame its policy. Australia was right, we are informed, in bending all her energies to gold production, and, by doing so, in allowing to rot all the materials which she might have converted into leather, the cost of production of which would have been less to her than the price at which she was able to import that material. Instead of the State being encouraged by Free-traders to lay the foundations of an enduring prosperity, it is 15 226 distinctly advised to devote all the wealth and labour of its people to the one industry, to take no thought for the morrow, and to think that it will be time enough to shake hands with the devil when he suddenly arises from depleted gold mines.
What to read after The Dynamics of the Fiscal Problem?
You can find similar books in the "Read Also" column, or choose other free books by V St Clair Vivian St Clair Mackenzie to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Similarly, with unlimited areas of fine agricultural land, she imported nearly all her food ; and, with the materials of leather cheaper than in any other part of the world, she imported all her shoes. What was the explanation of these facts? In all cases one and the same : it was to be found in the principle of comparative costs. Australia had considerable advantages over other countries in respect to timber, butter, food and shoes, but she had a greater advantage still in respect to gold ; an...d so it became her interest to obtain the former things by means of the latter. " Now, these are the lines on which a State is recommended to frame its policy. Australia was right, we are informed, in bending all her energies to gold production, and, by doing so, in allowing to rot all the materials which she might have converted into leather, the cost of production of which would have been less to her than the price at which she was able to import that material. Instead of the State being encouraged by Free-traders to lay the foundations of an enduring prosperity, it is 15 226 distinctly advised to devote all the wealth and labour of its people to the one industry, to take no thought for the morrow, and to think that it will be time enough to shake hands with the devil when he suddenly arises from depleted gold mines.
What to read after The Dynamics of the Fiscal Problem?
You can find similar books in the "Read Also" column, or choose other free books by V St Clair Vivian St Clair Mackenzie to read onlineMoreLess
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