"The economic betterment of a nation which is at a low level of intelligence and culture, or in which the population is small in relation to the extent and productivity of its territory, is best accomplished through free trade with highly cultivated, rich, and industrious nations. In the case of such a country every restriction of trade, intended to plant manufacturing industry within its borders, is premature and injurious, not only to the welfare of mankind in general, but to the progress of the nation itself. Only when the intellectual, political, and economic education of the nation has so far advanced as a result of free trade that its further progress would be checked and hindered by the import of foreign manufactures and the lack of a sufficient market for its own goods, can protective measures be justified."
React to this quote
More by Friedrich List
See allResonant Thoughts
"Some doubt may arise in the minds of Western men how they could be helped in their present problems by a doctrine of the far and foreign East. And others, even in the East, may ask how words spoken 2,…"
Explore Further
Related Quotes
"Scientists are not known for the graces of courtesy and tact when commenting on the work of others."
— Scott L. Montgomery"I don't know about you, but I fucked a midget. I have secrets."
— Kathy Griffin"A lot of American actors when they do Shakespeare put on a phoney English accent and it drives me crazy. Yo…"
— Ethan Hawke"Man's respect for the imponderables varies according to his mental constitution and environment. Through ce…"
— H. P. Lovecraft"There are two different groups of fans. Those who come to the horror conventions are obsessed with Hallowee…"
— P. J. Soles"When I was younger I thought about becoming a nun for a while. You know how it is when you're growing up an…"
— Anne Hathaway
Related Thinkers
Related Topics
Deep Dives
- David Cay Johnston on knowledge
- Norman Angell on knowledge
- Bernard Lietaer on knowledge
- Robin Hahnel on knowledge
- George Katona on knowledge
- David Cay Johnston on politics
- David Cay Johnston on time
- David Cay Johnston on justice
- David Cay Johnston on life
- David Cay Johnston on art
- justice & Beauty
- justice & Change
