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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1826 edition. Excerpt: ... chap. iii. On the Influence of the external Trade in Corn on the Subsistence, Wealth, and Prosperity of the Country which permanently exports Grain. In the preceding chapter we considered the foreign trade in corn; as, by equalising food through different countries, and different periods, by establishing granaries, and by giving encouragement to agriculture, it rectifies the irregularities of the seasons, and ensures, at all times, a steady and an abundant supply of human sustenance. In the present, and in the succeeding chapter, we will take a less general view of the question, andVonsider the foreign trade, not as it alternately removes redundancy, supplies deficiency, and regulates the supply of food throughout the world; but, as it affects the subsistence, wealth, and prosperity, of those particular countries which permanently export, or permanently import grain. When overflowing harvests 'have, in one country, reduced the price of com, while, in some neighbouring country, deficient harvests have raised it, then corn will flow from the one into the other. This, however, would be a merely temporary adjustment of supply, and could not 'give the former the character of an exporting, nor the latter the character of an importing, country. But when, in average years, the price of corn is comparatively lower in one country than it is, in such years, in another; or while this other country has comparatively lower prices in something else, then the one will permanently export, and the other permanently import, subsistence. For example: while Poland can raise corn comparatively cheaper than England, or England prepare cloth comparatively cheaper than Poland, the latter, unless some violent interference should prevent it, will become an...
  • ISBN13: 9781230339962
  • Publisher: Theclassics.Us
  • Pubilcation Year: 2013
  • Format: Paperback
  • Pages: 00076
Dimensions7.4 x 0.2 x 9.7 inches
Primary CategoryHistory/General

An Essay on the External Corn Trade

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