Book Description
Excerpt from The Quarterly Journal of Economics, 1914, Vol. 28 All such catchwords, however, are less important in their strict and consistent meaning than in what they imply to the average voter. Their implications are by no means the same. They suggest very difi'erent points of view. The Republicans, when they professed to be desirous of merely equalizing costs of production, made it clear that they meant duties to be kept amply high enough to leave the domestic producer in command of the situation. The Democrats, when they spoke of competition, meant that duties should be kept below the point of prohibition. The Republicans wished to make sure of keeping imports out; the Democrats wished to make sure of letting some in. And further, the Democrats, however, they might speak of competi tive rates and legitimate industries, reserved the alternative, where political or economic expediency prompted it, of throwing these principles to the winds and of fixing duties quite without regard to competition or legitimacy. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
