A Policy of Free Exchange


Book Description







A Policy of Free Exchange


Book Description







A Policy of Free Exchange


Book Description




A Policy of Free Exchange (Large Print Edition)


Book Description

LARGE PRINT EDITION! More at LargePrintLiberty.com. "Free Trade, [it is argued], is the first great benefit which just economic reasoning has conferred on this country. The task before this and the next generation must be the clear establishment of the truth that a largely increased production of wealth and its equitable distribution among all classes of the population can be attained only by developing the facility and the multiplicity of exchange—in other words, by Free Exchange; and, further, that this rule is applicable to all forms of value, whether they be labour or credits or material commodities."




A Policy of Free Exchange


Book Description

Thomas Mackay (1849-1912) was a British wine merchant and classical liberal. He was educated at Glenalmond and New College, Oxford. He was called to the bar in 1879 but left to enter the wine trade because he felt that he was not earning enough to support his wife and family. He retired ten years later in order to campaign for liberalism. He criticised old age pensions because he believed they would harm character. Mackay did not favour a compromise between individualism and socialism. His works include: The English Poor (1889), A Plea for Liberty: An Argument Against Socialism and Socialistic Legislation (as editor) (1891), A Policy of Free Exchange (as editor) (1894), Methods of Social Reform: Essays Critical and Constructive (1896), The State and Charity (1898) and Public Relief of the Poor Law: Six Letters (1901).




The Economic Journal


Book Description

Contains papers that appeal to a broad and global readership in all fields of economics.