ABSTRACT

In arranging the various pleas urged in favour of the pro­ tective system, it is desirable to take those that have had serious influence on policy and that possess real importance, before noticing contentions that rest on some exploded fallacy or appeal to vulgar prejudices. A system may fairly claim to be judged by its strongest positions. Taking this rule as our guide, we proceed to examine the more impor­ tant of the arguments, some of which we have already noticed in considering the general features of protectionism.