The commonweal; a study of the federal system of political economy

Hillier Alfred Peter 1858-

Sujets

• England
• Tariff
• Economic policy
• Economics

Informations

• Publié par: les_archives_du_savoir
• Nombre de lectures: 4
• Langue: English
• Poids de l'ouvrage: 10 Mo

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iA OF THE FEDERALSTUDY
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THE COMMONWEAL
THE FEDERAL SYSTEMA STUDY OF OF
POLITICAL ECONOMY
^ BY
ALFKED P. HILLIEE, B.A, M.D.
'Hear, for children nttermost parts of the seathy speak from the
—Kipling
^1
LONGMANS, GREEN, AND CO.
39 PATERNOSTER ROW, LONDON
NEW YORK, BOMBAY, AND CALCUTTA
1909PREFACE.
time when the properAt a understanding of
certain problems in Political Economy is of more
moment the Britishprofound to Empire than
perhaps at any other juncture in its history,
it is little short of a calamity that issues—the
satisfactory determination of which depends
upon an unimpassioned and rational study of
this subject—should have been swept into the
seething vortex of party political controversy.
A further difficulty with which any writer is
confronted to-day is the vast field over which the
subject may be pursued, and the difficulty of de-
ciding what portions of it to deal with, and what
portions to avoid.
Formyown part I have attempted this formid-
able task only after visiting the United States,
Germany, and some of the Colonies chiefly con-
cerned and, after endeavouring to study, so far;¥
as was practicable, the fiscal systems in vogue
on the spot. I have endeavoured to write a book
which practical men of affairs findmay time toTi PREFACE
read, and which, therefore, has of necessity been
rather than a long one.a short
traverse all the groundI have not attempted to
''covered by writers on the Principles of Politi-
but merely deal with certain ofcal Economy," to
''these Principles " as enunciated by various
the British school, whichwriters of laissez-faire
have influenced for many years the judgment
administration of politicians in dealing withand
international trade.
trace the effect of certainThe endeavour to
historic incidents and developments on the fiscal
countries, has led me thesystems of different to
conclusion, that, to suppose the expediency of the
turns on an Academicfiscal policy of any country
controversy as to the abstract merits of Protec-
misleading.tion and Free Trade, is
To hold such a view is to misapprehend the
andnature both of politics economics. Free
Trade is, as a rule, a privilege to the consumer.
Protection, on the other hand, has often been
held to be a national necessity, and, though less
attractive to that hypothetic entity, the con-
sumer uninterested in the industries of his
country, is, in certain cases, an advantage and a
privilege to the producer. To balance conflicting
interests, to determine equitably the allotment of
these privileges, so as to obtain the maximum of
advantage to the well-being of the State, should
be"one of the chief arts of Political Economy.