A Petition From the Manufacturers of Candles, inserted in the Sophismes économiques (1845). A Petition From the Manufacturers of Candles, Tapers, Lanterns, sticks, Street Lamps, Snuffers, and Extinguishers, and from Producers of Tallow, Oil, Resin, Alcohol, and Generally of Everything Connected with Lighting. To the Honourable Members of the Chamber of Deputies. Open letter to the French Parliament, originally published in 1845. Gentlemen: You are on the right track. You reject abstract theories and have little regard for abundance and low prices. You concern yourselves mainly with the fate of the producer. You wish to free him from foreign competition, […]
Every protective tariff means increased taxation. A country’s wealth cannot be increased by increased taxation. (W. Smart.)
2. A protective tariff ought to bring in as little as possible to the Treasury, since its object is to prevent the importation of goods.
It ought to bring in as much as possible to those who produce the protected goods.
3. The effect of a protective duty on any commodity is to raise the price, not only of the amount imported, but of the whole quantity sold in the country; it is a private tax placed upon consumers for the benefit of producers.
4. A protective duty increases the price at which the protected article can be purchased, and diminishes the purchasing power of the buyer to the same extent.
Pierre de Boisguilbert (1646-1714) Hazel Van Dyke Roberts, Boisguilbert: economist of the reign of Louis XIV, New York, Columbia University Press, 1935 “Boisguilbert: An Early French Economist“, 1873, Westminster Review Vauban (1633-1707) A Project for a Royal Tythe, or General Tax, which by suppressing all the ancient funds and later projects for raising the public revenues, and for ever abolishing all exemptions, unequal assessments, and all rigours and oppressive distraining of people, will furnish the government a fixt and certain revenue, sufficient for all its exigencies and occasions, without oppressing the subjects, London, 1708 (see also the 1710 edition) Richard […]