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Directions in modern polemic concerning assistance to development New industries or about parity improvement between the prices on The export and import goods, do not mention the basis of ideas
Mercantilism. I do not remember, that during discussions concerning the financial
Politicians in the first quarter of current century though any economist
Has agreed with that the protectionism can increase internal employment.
Perhaps, is better to quote impartially that I wrote to that
Time. In 1923 I as the true pupil of classical school, not
Doubting to what it learnt, and without doing any deviations, wrote:
"If also there is something that cannot make protectionism so it to cure
From unemployment... In favour of protectionism there are certain arguments,
Based on that it can bring some, though also improbable,
Benefits, and these arguments to challenge not so it is simple. But to expect for healing from
Unemployments is means to make a protectionist mistake in most
To the vulgar and rough form (136). Early mercantilist theories at all
Anywhere plainly have been stated, and we have been brought up in reliance that they
Represented almost complete nonsense. Such absolute and complete was
Domination of classical school.
In the beginning I will state own words that to me now
It is represented elements of scientific true in mercantilism studying. Then we
It is necessary to consider that those advantages on which insisted
For the world taken as a whole.
When the riches of the country quickly enough increase, to the further
To progress of such safe condition can prevent in conditions
Social both political conditions and national features,
Defining propensity to consumption, well-being successfully developing
The states basically depends - for the reasons which have been stated above, -
At most these promptings. These promptings can concern to internal or to
To foreign investments (including in last and accumulation of the precious
Metals), and even other together form a total sum of investments. In conditions,
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