International trade

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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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Document type:: Monograph

Structure type:: Chapter

Title:: Part II. Problems of verification

Collection:: Economics Books

CHAPTER 16 COMPARATIVE ADVANTAGE AND PROTECTION IN THE UNITED STATES WE proceed now to the consideration of some indirect evidence on differences in comparative costs; evidence which, as remarked in the preceding chapter, is more abundant than that of the direct sort. It is derived from the observation and analysis of some patent economic facts, and above all from observation of the effects of protective tariffs. An examination of the concrete effects of protective legislation brings out a wide range of phe- nomena which can be explained only in the light of the doctrine of comparative advantage, and which in turn serve to give support to that doctrine. For my own part, it is prolonged inquiry on the working of protective duties in the United States which has con- firmed my conviction that the actual course of industrial develop- ment and of trade between nations affords a striking verification of essential features in the theory of international trade; and it is this conviction which in turn has led me to reflect on the impor- tance of the general problem of verification, and to search for possibilities of similar verification in other directions also. The evidence furnished by the development of American indus- tries under the influence of tariff legislation is most striking in the contrast between the extraordinary growth of some protected industries and the marked failure of others to show a growth at all corresponding. We have here a set of phenomena which, tho commonly discussed quite without regard to the general principles of international trade, are in fact clearly related to those prin- ciples — confirm them in the main, suggest modifications or qual- ifications in some directions, serve on the whole to illuminate and clarify the theoretical analysis. And it is no less true that most 178

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