Economics · In English · 1846
What Is Free Trade?
A clear and lively argument by Bastiat for why open trade makes ordinary people better off and why tariffs hurt them.
24 chapters · about 3 h of reading
Opening the book
How the book begins
Years ago I could not rid my mind of the notion that Free Trade meant some cunning policy of British statesmen designed to subject the world to British interests. Coming across Bastiat's inimitable Sophismes Economiques I learnt to my surprise that there were Frenchmen also who advocated Free Trade, and deplored the mischiefs of the Protective Policy. This made me examine the subject, and think a good deal upon it; and the result of this thought was the unalterable conviction I now hold—a conviction that harmonizes with every noble belief that our race entertains; with Civil and Religious Freedom for All, regardless of race or color; with the Harmony of God's works; with Peace and Goodwill to all Mankind. That conviction is this: that to make taxation the incident of protection to special interests, and those engaged in them, is robbery to the rest of the community, and subversive of National Morality and National Prosperity. I believe that taxes are necessary for the support of government, I believe they must be raised by levy, I even believe that some customs taxes may be more practicable and economical than some internal taxes; but I am entirely opposed to making anything the object of taxation but the revenue required by government for its economical maintenance.
I do not espouse Free Trade because it is British, as some suppose it to be. Independent of other things, that would rather set me against it than otherwise, because generally those things which best fit European society ill befit our society—the structure of each being so different. Free Trade is no more British than any other kind of freedom: indeed, Great Britain has only followed quite older examples in adopting it, as for instance the republics of Venice and Holland, both of which countries owed their extraordinary prosperity to the fact of their having set the example of relaxing certain absurd though time-honored restrictions on commerce. I espouse Free Trade because it is just, it is unselfish, and it is profitable.
For these reasons have I, a Worker, deeply interested in the welfare of the fellow-workers who are my countrymen, lent to Truth and Justice what little aid I could, by adapting Bastiat's keen and cogent Essay to the wants of readers on this side of the Atlantic.
Contents
- 01Opening
- 02Chapter I. Plenty and Scarcity
- 03Chapter II. Obstacles to Wealth and Causes of Wealth
- 04Chapter III. Effort—Result
- 05Chapter IV. Equalizing of the Facilities of Production
- 06Chapter V. Our Productions Are Overloaded with Internal Taxes—
- 07Chapter VI. Balance of Trade
- 08Chapter VII. A Petition
- 09Chapter VIII. Discriminating Duties
- 10Chapter IX. A Wonderful Discovery
- 11Chapter X. Reciprocity
- 12Chapter XI. Absolute Prices
- 13Chapter XII. Does Protection Raise the Rate of Wages?
- 14Chapter XIII. Theory and Practice
- 15Chapter XIV. Conflict of Principles
- 16Chapter XV. Reciprocity Again
- 17Chapter XVI. Obstructed Rivers Plead for the Prohibitionists
- 18Chapter XVII. A Negative Railroad
- 19Chapter XVIII. There Are No Absolute Principles
- 20Chapter XIX. National Independence
- 21Chapter XX. Human Labor—National Labor
- 22Chapter XXI. Raw Material
- 23Chapter XXII. Metaphors
- 24Chapter XXIII. Conclusion
About this edition
Public domain: the author (died 1850) and the translator (died 1926), more than seventy years ago, and the book was first published in 1846. It is free to read, copy and share in the EU, Russia and the United States.
We removed the source's wrapper, rejoined the lines and split the book into chapters. The words are the author's.