In the latest issue of Econ Journal Watch they reprint a anti-protectionism letter to the The Times (of London), and other papers, which appeared on 15 August 1903. The letter was signed by C.F. Bastable, A.L. Bowley, Edwin Cannan, Leonard Courtney, F.Y. Edgeworth, E.C.K. Gonner, Alfred Marshall, J.S. Nicholson, L.R. Phelps, A. Pigou, C.P. Sanger, W.R. Scott, W. Smart, and Armitage Smith, and supported after the fact by S.J. Chapman and J.H. Chapman. Now that is a serious list of heavy hitting British economists at this time.
What I find interesting is the following section of the letter:
Our convictions on this subject are opposed to certain popular opinions, with respect to which we offer the following observations:-Perhaps those at The Standard need to read a little more history.
1. It is not true that an increase of imports involves the diminished employment of workmen in the importing country. The statement is universally rejected by those who have thought about the subject, and is completely refuted by experience.
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