The Premises of Free Trade Examined

absurd Adam Smith advantage aggregate annual product argument Bastiat bricklayers British bushels of wheat buying capi coal conclusion consume consumption deductive reasoning demand for commodities demand for labor diminished diminution doctrine duction employ England entitled Some Leading equal error exchangeable value existence fact field of employment fixed capital floating capital foreign trade francs FREE TRADE EXAMINED free-trade French products French silks funds George Basil Dixwell hats income increase interests Ireland Irish J. S. Mill John Stuart Mill landlords logic manufactured products mechanical and manufacturing ment MORRILL TARIFF nation never can exceed obtain ourselves paragraph political economy portion PREMISES OF FREE Professor Cairnes Professor Cairnes's profits proposition protectionist protective law quantity railroads raw produce real wages says society Sophisms steamship stock of commodities sufficiently supply suppose supposition surplus stock tariff things tion unem unemployed capital United velvet venerable blunders whole wine