Political economy

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Monograph

Identifikator:: 867647221

URN:: urn:nbn:de:zbw-retromon-93157

Document type:: Monograph

Author:: Chapman, Sydney John http://d-nb.info/gnd/123743141

Title:: Political economy

Place of publication:: London [u.a.]

Publisher:: Williams & Norgate [u.a.]

Year of publication:: 1912

Scope:: 1 Online-Ressource (255 Seiten)

Collection:: Economics Books

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

160 POLITICAL ECONOMY nevertheless. They consist in the carrying services performed by one country for another, for instance, by an English vessel in trade between Spain and America, and also in agency and financial work. For these two classes of services England receives enormous sums annually. Their value is a part of her real exports since they are actual services provided for other countries, though they do not appear in her recorded exports. In discharge of them, however, there does appear on the other side of the account a large volume of tangible imports. Imports and exports which do not figure in trade statistics are known as “ invisible,” but though overlooked by the official eye they are as real in value as the most ponder able things. Enough has now been said to demonstrate that, in the sense in which it has been used, the statement that exports pay for imports is correct. Finally, it may be added that the omitted cost of transport of imported goods can be attached to their value to make our theory exhaustive of the facts. Ordinarily there are gains accruing from international trade which are undoubted and considerable. Through foreign trade a country

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