A letter to Nassau William Senior ... in reply to the article, 'Free trade and retaliation' in the Edinburgh review1843 |
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Adam Smith admit adoption advocate agricultural American produce amount Anti-Corn Law League British labour British market Budget capital cause cloth Colonel Torrens commercial policy commodities produced Corn Laws cost of production Cuba cultivation deficient harvest demand for British depression different countries diminished divisions of employment domestic duties upon American duties upon British Edinburgh Review effect efficacy of labour Emperor of China endeavour England fall of prices farmer foreign commodities foreign corn foreign countries foreign labour foreign trade France French wines given quantity hostile tariffs Huskisson import duties increased exportation international exchange invincible resistance Kirkman Finlay labour of 100 land Lord Sydenham money rents monopoly NASSAU WILLIAM SENIOR obtain opinions perfect free trade price of corn price of produce principle of reciprocity produce of foreign profits purchase quantity of labour quarters question reduce relative value RICHARD COBDEN supply tillage tion total repeal trade of barter value of money wages Whig
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Сторінка 8 - Gold and silver having been chosen for the general medium of circulation, they are, by the competition of commerce, distributed in such proportions amongst the different countries of the world, as to accommodate themselves to the natural traffic which would take place if no such metals existed, and the trade between countries were purely a trade of barter.
Сторінка 30 - To judge whether such retaliations are likely to produce such an effect, does not perhaps, belong so much to the science of a legislator, whose deliberations ought to be governed by general principles which are always the same, as to the skill of that insidious .and crafty animal, vulgarly called a statesman or politician, whose councils are directed by the momentary fluctuations of affairs.
Сторінка 16 - Experience, however, shows, that the fancied or real insecurity of capital, when not under the immediate control of its owner, together with the natural disinclination which every man has to quit the country of his birth and connexions, and intrust himself, with all his habits fixed, to a strange government and new laws, check the emigration of capital.
Сторінка 43 - Strange — that where Nature loved to trace, As if for Gods, a dwelling-place, And every charm and grace hath mix'd Within the paradise she fix'd, There man enamour'd of distress, Should mar it into wilderness...
Сторінка 30 - When there is no probability that any such repeal can be procured, it seems a bad method of compensating the injury done to certain classes of our people, to do another injury ourselves, not only to those classes, but to almost all the other classes of them.
Сторінка 16 - ... the natural disinclination which every man has to quit the country of his birth and connections, and intrust himself, with all his habits fixed, to a strange government and new laws, check the emigration of capital. These feelings, which I should be sorry to see weakened, induce most men of property to be satisfied with a low rate of profits in their own country, rather than seek a more advantageous employment for their wealth in foreign nations.
Сторінка 65 - The same rule which regulates the relative value of commodities in one country, does not regulate the relative value of the commodities exchanged between two or more countries.
Сторінка 8 - Bounties on exportation or importation, new taxes on commodities, sometimes by their direct, and at other times by their indirect operation, disturb the natural trade of barter, and produce a consequent necessity of importing or exporting money, in order that prices may be accommodated to the natural course of commerce...
Сторінка 15 - If the profits of capital employed in Yorkshire, should exceed those of capital employed in London, capital would speedily move from London to Yorkshire, and an equality of profits would be effected ; but if in consequence of the diminished rate of production in the lands of England, from the increase of capital and population, wages should rise, and profits fall, it would not follow that capital and population would necessarily move from England to Holland, or Spain, or Russia, where profits might...
Сторінка 30 - ... some other manufacture of theirs. This may, no doubt, give encouragement to some particular class of workmen among ourselves, and by excluding some of their rivals may enable them to raise their price in the home market. Those workmen, however, who suffered by our neighbours' prohibition will not be benefited by ours.