First published in 1904, this important economic work explores some of the leading principles underlining the development of international trade. Hobson offered a departure from the conventional treatment of international trade in economic theory, simplifying concepts of free trade, exchange and tariffs and considering the practical application of theory in a manner accessible to the reader.
Preface; 1. The Importance of External Trade 2. The Alphabet of Free Exchange 3. Exchange Between ‘Non-Competing Groups’ 4. Nations as Trading Groups 5. Non-Protective Import Duties 6. The Incidence of Protective and Preferential Duties 7. How the Balance of Imports and Exports is Achieved 8. What a Nation Buys and What it Pays With 9. Can Protective Countries "Such" a Free Trade Country? 10. The Mystery of "Dumping" 11. Protection as a Remedy for Unemployment 12. Protection and Socialism
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