Excerpt from The Economic Journal, 1906, Vol. 16: The Journal of the Royal Economic Society What should be noted is that the idea that the conditions which are observed before the framing of a tariff will remain unaffected after that tariff has come into force is entirely untenable. These gold prices which lie at the root of the calculations are them selves determined by the course of trade; alter the course of that trade and the gold prices will be affected, and the whole elaborate structure will be thrown immediately out ...
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Excerpt from The Economic Journal, 1906, Vol. 16: The Journal of the Royal Economic Society What should be noted is that the idea that the conditions which are observed before the framing of a tariff will remain unaffected after that tariff has come into force is entirely untenable. These gold prices which lie at the root of the calculations are them selves determined by the course of trade; alter the course of that trade and the gold prices will be affected, and the whole elaborate structure will be thrown immediately out of relation to the con ditions upon which it is imposed. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... 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.
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