Facts And Fallacies Of Modern Protection (1879)

Facts And Fallacies Of Modern Protection is a book written by Bernhard Ringrose Wise in 1879. It is an analysis of the economic theory of protectionism, which is the practice of imposing tariffs or other barriers on imported goods to protect domestic industries from foreign competition.The book is divided into three parts. The first part provides an overview of the history of protectionism and its economic effects. The second part examines the fallacies of protectionism, including the idea that it promotes domestic industry, creates jobs, and benefits the overall economy. The third part presents the facts of protectionism, including the negative impact it has on trade, prices, and economic growth.Wise argues that protectionism is not only economically harmful but also morally wrong. He contends that it is a form of theft, as it forces consumers to pay higher prices for goods and services, and it violates the principles of free trade and competition.Overall, Facts And Fallacies Of Modern Protection is a comprehensive critique of protectionism that remains relevant today, as debates over trade policy continue to shape the global economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.