[Sophisms of the Protectionists by Frederic Bastiat]@TWC D-Link book
Sophisms of the Protectionists

PART I
51/107

Their profits are at first considerable.

They are recompensed for being the first who make the effort to imitate the processes of the newly invented art.

This again was necessary, in order that they might be induced to the effort, and thus forward the great and final result to which we approach.

They gain much; but they gain less than the inventor, for _competition_ has commenced its work.

The price of books now continually decreases.


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