The general idea of protectionism is based on a notion that somehow banning or restricting trade will benefit society or a particular industry. The Encyclopedia of Brittanica defines protectionism as a policy of protecting domestic industries against foreign competition by means of tariffs, subsidies, import quotas, or other restrictions or handicaps placed on the imports […]
Tag Archives: Free Market
02
May
May
Since the month of March 2021 suddenly the cases of Covid-19 are increasing in India. So far close to 2 crore people have contracted this mysterious disease out of which 99% have recovered and 1% have sadly died (Data source). World over media is portraying this situation as a disaster because of the fact of […]
30
Nov
Nov
In this article I am going to review French philosopher Étienne Bonnot, Abbé de Condillac’s monumental work, Commerce and Government considered in their Mutual Relationship. Condillac originally published this book in 1776, just few months before Adam Smith’s Wealth of Nations. Today the book is published by the Liberty fund and is available in both […]