Excerpt from The Economic Basis of Protection
The discussion of international trade has always excited much interest, and must, for a long time, still command the attention of all thoughtful citizens. A great variety of arguments have been presented to the public and many of them are already fully discussed. Yet there seems to be a place and an opportunity at the present time for a new discussion of this important problem upon a more fundamental basis than is usually found in former treatises.
We do not now need new facts so much as a discussion of the relation of these facts to one another, and the bearing of all this class of facts upon economic doctrine. Above all, we need a discussion on a purely economic basis. In the past very few of the writers upon this subject have carefully separated the economic arguments against protection from the moral and political, and in this way the former is subordinated to the latter.
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