Some Aspects of Protection Further Considered

Frank Dunstone Graham

184 citations0/0 files storedThe Quarterly Journal of Economics

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Global trade and economics Economic Theory and Policy Global Trade and Competitiveness

Abstract

Persistence of protectionist sentiment and its causes. — The principle of comparative advantage not an infallible guide in the economics of commercial policy, 203. — Effect of increasing and decreasing unit costs, 205. — Mathematical demonstration, 207. — Suggested tests for the modification of the principle of comparative advantage, 210. — Analysis of the “unit of productive power,” 212. — Effect of a change in the composition of this unit, 213. — Protection as an agent in bringing about such a change, 216. — Extension of the infant-industry argument to cover infant finance, 218. — Past and future relation of protection and prosperity, 225.

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