Excerpt from The Edinburgh Review or Critical Journal, Vol. 78: For July, 1848;;; October, 1848 First - When commercial countries receive the productions of each other duty free, then (the efficacy of labour being the same in each) the precious metals will be distributed amongst them in equal propor tions, and the general scale of prices will be the same in each. Second - When any particular country imposes import duties upon the productions of other countries, while those other countries continue to receive her products duty free, then such particular country draws to herself a larger proportion of the precious metals, maintains a higher range of general prices than her neighbours, and obtains in exchange for the produce of a given quantity of her labour, the produce of a greater quantity of foreign labour. Third - When any country is deprived of that command over the precious metals which is due to the efficacy of her labour in producing articles for the foreign market, by the hostile tariffs of other countries, she may recover her due command over the metals, by imposing retalia tory and equivalent duties upon the importation of the productions of the countries by which the hostile tariffs are maintained. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.