Book-bot.com - read famous books online for free

Essays on some unsettled Questions of Political Economy by John Stuart Mill
page 43 of 163 (26%)
next, something more, which the one country loses in the increased cost
of its imports, the other gains in the diminished cost of its own.

Absenteeism, moreover, though not burthensome in the former of these
ways, since the money is paid whether the receiver be an absentee or
not, is yet disadvantageous in the second of the two modes which have
been mentioned. Ireland pays dearer for her imports in consequence of
her absentees; a circumstance which the assailants of Mr. M'Culloch,
whether political economists or not, have not, we believe, hitherto
thought of producing against him.

11. If the question be now asked, which of the countries of the world
gains most by foreign commerce, the following will be the answer.

If by gain be meant advantage, in the most enlarged sense, that country
will generally gain the most, which stands most in need of foreign
commodities.

But if by gain be meant saving of labour and capital in obtaining the
commodities which the country desires to have, whatever they may be; the
country will gain, not in proportion to its own need of foreign
articles, but to the need which foreigners have of the articles which
itself produces.

Let us take, as an illustration of our meaning, the case of France and
England. Those two nations, in consequence of the restrictions with
which they have loaded their commercial intercourse, carry on so little
trade with each other, as may almost, regard being had to the wealth and
population of the two countries, be called none at all. If these fetters
were at once taken off, which of the two countries would be the greatest
DigitalOcean Referral Badge