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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part II. Problems of verification

Collection:: Economics Books

CANADA 235 be fairly set aside as negligible. The geologist sometimes has good fortune of the same kind ; an excavation lays bare a series of super- imposed strata which tell their tale beyond misinterpretation. For the economist, the issue of inconvertible paper money has at times approached the same sort of simplicity; yet even here the phenomena, tho they may be analyzed with ease as regards the outstanding train of causation, are often by no means easy of interpretation as regards important details. The Canadian epi- sode described in the preceding pages unfolds itself as if planned for the economist’s purposes. It comes as near to experiment as he can ever expect. A single cause came to operate on Canada’s international trade — the import of capital. This is putting the case too strongly ; the isolation of the given cause was not perfect ; others also had some influence. But the import of capital was so great, overshadowed so completely all others, that there can be no error in attributing to this the main economic changes which appeared. We have a case in which on the one hand economic theory had been fully developed on deductive grounds — in which an analysis had been made of what might be expected to happen under given conditions. And on the other hand we have just those conditions actually present, and the ensuing series of phenomena passing before our eye with singular clearness. It is rare that the possibility of verifying the deductions of theory is found so successfully; and it is of no little significance that for this particular sort of situation the conclusions of theory prove to be so completely verified.

Access restriction

Copyright

fullscreen: International trade

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation