The Principles of Industrial Economy Illustrated By An Enquiry Into the Compar
The Principles of Industrial Economy Illustrated By An Enquiry Into the Compar
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238. To understand this complex question it 126 INDUSTRIAL ECONOMY will be necessary to enquire into the nature of the transactions included in imports and exports and the method of their accomplishment as they affect the profit or loss of British citizens and the employment of the population.
239. In doing so we shall find substantial reasons for modifying the usual opinions held in regard to the absolute accuracy of the foregoing assumption that imports are paid for by exports and that foreig...n investments are paid for by exports of British merchandise.
240. We shall also discover reasons for modi- fying the usual views held concerning the benefits conferred on the British population by buying imports in excess of the exports which pay for them, in order that they may be paid for with profits made by British capital invested abroad.
Such procedure is disloyal to the British industrial population who would be employed to produce a large proportion of the goods we import.
241. The extent of the resultant deprivation of employment will be hereinafter explained, but it is necessary to observe that the advocates of the system which deprives them of this occupation claim to be their greatest benefactors.
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To quickly assess the difficulty of the text, read a short excerpt:
238. To understand this complex question it 126 INDUSTRIAL ECONOMY will be necessary to enquire into the nature of the transactions included in imports and exports and the method of their accomplishment as they affect the profit or loss of British citizens and the employment of the population.
239. In doing so we shall find substantial reasons for modifying the usual opinions held in regard to the absolute accuracy of the foregoing assumption that imports are paid for by exports and that foreig...n investments are paid for by exports of British merchandise.
240. We shall also discover reasons for modi- fying the usual views held concerning the benefits conferred on the British population by buying imports in excess of the exports which pay for them, in order that they may be paid for with profits made by British capital invested abroad.
Such procedure is disloyal to the British industrial population who would be employed to produce a large proportion of the goods we import.
241. The extent of the resultant deprivation of employment will be hereinafter explained, but it is necessary to observe that the advocates of the system which deprives them of this occupation claim to be their greatest benefactors.
What to read after The Principles of Industrial Economy Illustrated By An Enquiry Into the Compar?
You can find similar books in the "Read Also" column, or choose other free books by Robert Walsh to read onlineMoreLess
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