received.
In order that the reader may easily find the arguments of the protectionists, he is referred to the following books:
Carey's “Principles of Social Science” (3 vols.). The form of argument is, briefly, that all industries should be kept going within the bounds of a country so as to avoid foreign trade. The change of form into the finished commodity should, he holds, take place near the spot where the raw materials are produced, so that not so great a share should go to the mere middle-men, or transporters.
Bowen's “Political Economy,” Chap. XX, advocates protection on the ground that it is needed to secure diversity of industries, and that it lowers the prices of imported goods.
Sir J. B. Byles's “Sophisms of Free Trade” is an answer to Bastiat's “Sophisms of Protection,” the latter having been translated into English by Horace White.
Erastus B. Bigelow's “The Tariff Question.” This is one of the ablest discussions, from the protectionist point of