...error : in laying down the principle of free trade, he says that there are two cases in which it may be advantageous to lay some burden upon foreign, for the encouragement of domestic industry. The first, " when some particular sort of industry is necessary for the defence of the country." The...

...philosophical father of free trade, Adam Smith, writing in 1776: 160 '•There seem, however, to be two cases, in which it will generally be advantageous to lay...foreign, for the encouragement of domestic industry. "The first is, when some particular sort of industry is necessary for the defence of the country. The...

...philosophical father of free trade, Adam Smith, writing in 1776: "There seem, however, to be two cases, in which it will generally be advantageous to lay...burden upon foreign, for the encouragement of domestic industry"The first is, when some particular sort of industry is necessary for the defence of the country....

...Adam Smith, writing in 1776: "There seem, however, to be two cases, in which it will generally lie advantageous to lay some burden upon foreign, for the encouragement of domestic industry. "The first is, when some particular sort of industry is necessary for the defence of the country. The...

...commercial policy. He also was opposed to extending free trade so far as to weaken the nation's defenses. "It will generally be advantageous to lay some burden...foreign, for the encouragement of domestic industry . . . when [the domestic] industry is necessary for the defence of the country," he said. He then adduced...

...Smith was not averse to protective duties when they were required for reasons of military security. "It will generally be advantageous to lay some burden...foreign, for the encouragement of domestic industry," he said, "when some particular industry is necessary for the defense of the country." Such protection...

...of a nation can be esteemed a prudent means of defence pp. 46-7 (Gl. edn, p. 465) The second case, in which it will generally be advantageous to lay some burden upon foreign for the encouragement of domestick industry, is, when some tax is imposed at home upon the produce of the latter. ln this case,...

...by means of them, as has been most absurdly supposed, but in spite of them. As there are two cases in which it will generally be advantageous to lay...foreign, for the encouragement of domestic industry; so there are two others in which it may sometimes be a matter of deliberation; in the one, how far...

...Bureau of Economic Research, October 1993). 8 Adam Smith, surely no friend of undue protectionism: "It will generally be advantageous to lay some burden...foreign, for the encouragement of domestic industry." Smith, Wealth of Nations, op. cit., Book IV, Chapter 2, pp. 463-465. 9 Paul Krugman, "Competitiveness:...

...particular industry necessary to the defense of the country might be one of the two cases in which it will be advantageous to lay some burden upon foreign for the encouragement of domestic industry, saying "[T]he defense of Great Britain, for example, depends very much upon the number of sailors and...