[What Is Free Trade? by Frederick Bastiat]@TWC D-Link book
What Is Free Trade?

CHAPTER XII
6/8

THERE WERE, TO BE SURE, FIVE TIMES AS MANY FIELDS TO CULTIVATE, BUT THEY WERE FIVE TIMES SMALLER.

If coal was mined, there was also less wheat; and because there were no more oranges bought, neither was there any more rye sold.

Besides, the farmer could not spend in wages more than his capital, and his capital, instead of increasing, was now constantly diminishing.

A great part of it was necessarily devoted to numerous buildings and utensils, indispensable to a person who determines to undertake everything.

In short, the supply of labor continued the same, but the means of paying became less.
The result is precisely similar when a nation isolates itself by the prohibitive system.


<<Back  Index  Next>>

D-Link book Top

TWC mobile books