ABSTRACT
To impede foreign trade is to prevent a number of people within the country from obtaining certain goods by the process of national production plus international exchange, and to force them to obtain them-or others -by that of national production alone. But, presumably, if people prefer the roundabout process, they expect, by resort to it, to obtain more of the goods they want for a given expenditure of productive power. No doubt, they may make mistakes or find themselves defrauded.
