The Social Trinity a New Science of Political Economy
The Social Trinity a New Science of Political Economy
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In our eReader you can find the full English version of the book. Read The Social Trinity a New Science of Political Economy 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 Social Trinity a New Science of Political Economy
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In view of the fact that the prominent economists and statisticians have thought free-trade was producing an immense annual gain, it will suffice if we prove there has been a loss, whatever be its extent. We estimate a minimum loss of ten thousand millions by the following crude calculation : — During the last thirty-five years untaxed imports have approximated five hundred and seventy million stg. A year. The national cost of protecting these we estimate at 15 per cent. This shows an annual lo...ss to the nation of eighty-five millions from un- paid taxes. The monopoly which free-importers receive by free-protection enables them to sell cheaper than our taxed producers can do. But the nation is subjected to still another loss from suppressed pro- THE LAW OF EXCHANGE. 57 duction, which loss we estimate at double the first one, and amounting to 170 millions a year. There- fore, the combined losses equal two hundred and fifty-five millions annually. In 35 years, which is half of the 70 years of free-trade, the loss totals eight thousand eight hundred and twenty-five millions stg.
What to read after The Social Trinity a New Science of Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by Richard Gunn to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In view of the fact that the prominent economists and statisticians have thought free-trade was producing an immense annual gain, it will suffice if we prove there has been a loss, whatever be its extent. We estimate a minimum loss of ten thousand millions by the following crude calculation : — During the last thirty-five years untaxed imports have approximated five hundred and seventy million stg. A year. The national cost of protecting these we estimate at 15 per cent. This shows an annual lo...ss to the nation of eighty-five millions from un- paid taxes. The monopoly which free-importers receive by free-protection enables them to sell cheaper than our taxed producers can do. But the nation is subjected to still another loss from suppressed pro- THE LAW OF EXCHANGE. 57 duction, which loss we estimate at double the first one, and amounting to 170 millions a year. There- fore, the combined losses equal two hundred and fifty-five millions annually. In 35 years, which is half of the 70 years of free-trade, the loss totals eight thousand eight hundred and twenty-five millions stg.
What to read after The Social Trinity a New Science of Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by Richard Gunn to read onlineMoreLess
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