Economic and Fiscal Facts and Fallacies

This volume is a plea for the abandonment of England's present policy of free trade. To strengthen his case the author contrasts the widely divergent ideas held by economists and statesmen on commercial and fiscal questions, and exposes the fallacies of the modern free trade program. An exhaustive compilation of facts bearing on the economic conditions of several of the leading nations of the world is made, and contrasts are drawn between the results obtained under the two fiscal policies—those of free trade and protection. Comparisons of tariff figures, consular reports, rates of wages, rentals and prices of commodities are freely used to illustrate the main contention, that the policy of moderate protection has resulted in a corresponding increase in commercial values and industry, while at the same time it has relieved the weight of domestic taxation by throwing the burden upon the foreigner.

—The Annals of the American Academy of Political and Social Science, Volume 35