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7 Decr 1801
Maximum
Objection 2. "It would discourage what it is so
essential to promote, the importation from foreign parts.
This proposition has possesses the same id hypothetical
truth, and the same real imperfection
as the foregoing. It wants Discourage the importation
from foreign parts it certainly would
in a case that might be supposed: as certainly
it would not, in a case that has since been
realized. If notwithstanding the fixation, the
price remained so high as to afford for the
whole mass of corn exportable from foreign countries
a profit greater than could be reap obtained
by the sale of it within those respective countries, the
whole of such exportable stock would in consequence
be imported in into this country, and further no encrease
of the price could add anything to the
quantity of the relief obtainable from that source.
No encrease of the free price could afford be
adequate to the purpose of affording a perfect assurance of the obtainment of this surplus
quantity: because being the result of speculation, the
same cause which raised the price at one
time might by a sort of reflux of the public opinion on
this head sinks it back again at another time.
The method taken by the legislature was
adequate to that same purpose: in theory it promised to be
so, and in experienced it proved to be so in experience.
A bounty was given – not a
fixed
Identifier: | JB/003/176/001"JB/" can not be assigned to a declared number type with value 3. |
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1801-12-07 |
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003 |
manual of political economy |
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176 |
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001 |
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text sheet |
1 |
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recto |
d1 |
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jeremy bentham |
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1586 |
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