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The periods it forward and the deviation periods renders so back Strong influence on current investments that it is possible quite distinctlyTo find out by means of rather detailed statistics which is available nowadays in
The United States.
CHAPTER 23
Paragraphs about mercantilism, laws against usury, money, Paid by the branded tax, and underconsumption theories
I
Within approximately two centuries and economists-theorists, and experts not
Doubted the important advantages to the country, following of the active Trade balance and serious danger of the unfavourable balance, especially if The last leads to leak of precious metals. However during the last 100 years the surprising difference in opinions has emerged. A great bulk
Statesmen and people of practice in the majority of the countries and, perhaps,
About their half even in Great Britain - in the homeland of an opposite view - Remained are true to the old doctrine. At the same time almost all Economists-theorists began to assert that these fears at all
Are reasonable if only not to approach to business with very the narrow point of view,
As the foreign trade mechanism is capable to self-regulation, and attempts
To interfere with its action not only are useless, but also conduct to pauperisation of those,
Who resorts to them, losing advantages of the international division of labour.
It will be convenient, following the established tradition, to name older
The term as each of them has both wider, and narrower Significance, it is necessary to understand depending on a context.
Generally speaking, modern economists not only assert that The international division of labour, as a rule, in the end gives more Advantages, than a policy of mercantilism, but also declare all argument
For example, Marshall (134) though also it is impossible to tell that it is negative
Responds about mercantilism, has not considered it necessary to concern at all the basic ideas
Their sights about which I will speak more low (135). Similarly and
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