The Economic Basis of Protection

Cover The Economic Basis of Protection
The Economic Basis of Protection
Simon Nelson Patten
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It is, however, unfortunate for the validity of these arguments that they are based on that part of the doctrine of Ricardo which has since been discarded by modern economists. The economic man of Ricardo harmonizes nicely with the free-trade conception of men. If man were as simple in his mechanism as Ricardo supposes, and had but one in- dustrial quality developed, the social conditions which would result would harmonize fully with free-trade doctrines. In the same way Ricardo's conception of... land brought out that use of land which free-traders emphasized. If all the land of the world were merely THE ECONOMIC BASIS OF PROTECTION. 19 wheat land, then we should have an economic basis upon which free-trade might rest. We now know that the economic man of Ricardo was merely an ideal and not the actual man which we find in society, or even in any possible society with a high civilization. Men have numerous industrial qualities, all of which must be developed if they are to make the most of their economic environment.

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