International trade

Bibliographic data

Monograph

Identifikator:: 1758394757

URN:: urn:nbn:de:zbw-retromon-136209

Document type:: Monograph

Author:: Taussig, Frank William http://d-nb.info/gnd/120199459

Title:: International trade

Place of publication:: New York, NY

Publisher:: Macmillan

Year of publication:: 1927

Scope:: XXI, 425 Seiten; graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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viii PREFACE new trains of thought must serve as a further excuse for my failure to carry out to the full the same method of treatment in this Part as in the preceding. A more important restriction of the scope of the book is the elimina- tion of all discussion, or nearly all, of the controversy about protec- tion and free trade. On this matter I have said so much elsewhere that it seemed otiose to go into it again! The intellectual problems raised by it are much simpler than many others in the subject at large; while the historic and descriptive aspects are quite too exten- sive for full treatment in the present book. Some ways in which the general theory of international trade bears on the controversy regard- ing protection are considered in one place or another, especially in Chapters 13 and 16. Finally a word may be said on another limitation of the scope of the book. It is strictly an inquiry on a particular phase of the system of private property and capitalistic enterprise. It assumes that system to exist, for good or ill, and examines merely in what way it works. There is no attempt to evaluate this phase of it, or any other; to consider how far it is satisfactory or in what ways it might be mended. I have abundant sympathy with those who question whether the situation as thus laid bare by cold-blooded analysis is satisfactory. What we see is the working of international trade thru the medium of money payments, and of money movements this way and that; thru shifting prices and incomes, slow and painful adjust- ments, friction and uncertainty and waste motion; obscure forces with which men struggle blindly and wunavailingly. But these unwelcome features appear in every part of the existing economic and social organization. The whole capitalistic system is on trial; and not least, its monetary machinery. It is not at all inconceivable that international trade should be conducted thru a process quite different from that now in use and examined in these pages. There might be direct and conscious barter between nations, in place of that veiled barter which so mystifies the ordinary man. Speculations of this kind are beyond the scope of the present volume, which accepts the world as it is and simply examines in what way trade is now carried on between the several countries. 11 refer the reader to my Tariff History of the United States (8th ed., 1923); Some Aspects of the Tariff Question (2nd ed., 1916) ; and the volume of collected papers entitled The Tariff, Free Trade and Reciprocity.

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