Protection in Germany: A History of German Fiscal, Policy During the Nineteenth Century (Classic Reprint) - Softcover

Dawson, William Harbutt

 
9781330601044: Protection in Germany: A History of German Fiscal, Policy During the Nineteenth Century (Classic Reprint)

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Excerpt from Protection in Germany: A History of German Fiscal, Policy During the Nineteenth Century

On the other hand, the exportation of raw material was forbidden in the interest of cheap production, for so much of economic insight he possessed, in Spite of his Mercantilistic fallacies, as to know it to be sounder policy to send abroad manufactured goods than raw material, since in the former case the foreigner exchanged his own products to a larger extent for labour, and by purchasing that labour maintained the strength and life behind it. So far did he carry this principle of productive independence that be imported silk worms into the country, so that silk need not be purchased from abroad.

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