Word: free
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Dates: during 1880-1889
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...study of Political Economy. The lectures to be delivered by Professor Sumner, of Yale, and by Dr. Taussig, of our own political economy department, ought to attract the attention of all Harvard men who are at present engaged in the study of this subject, and, the lectures being free, we venture to predict that the college will be well represented at them...
...audience. Indeed, the attendance at all of his four lectures has been such as to speak well for the interest which is taken by the students in this great economic question of the day, the tariff. We now look forward to the lectures which are to be given on Free Trade by an apostle of that school, only hoping that the lecturer may be as able, and as interesting as the gentleman who has so eloquently presented the other side of the question...
...that the Tariff stimulates over-production. but it is a very difficult thing to say that we have over-production. This is said to be the cause of hard times, but it is in fact hard times that often causes this overproduction. America has no monopoly of hard times. Free Trade countries suffer as much as we. The Tariff, therefore, cannot be charged with this common evil. If we remove this protection to our industries, we make America the dumping ground for Europe's surplus manufactures. Protection is antagonistic to commerce, we are told. Yet, our imports have increased five...
...policy of Protection to prohibit the importation of laborers, but not their free immigration. We want no coolies here, no Chinese, who come without their families, and return with their gains after a short time. But the free laborers with their families come not merely as competitors but as customers. They are welcome. Look at the since 1861. The large accumulations in New England Savings banks, and the success of Building Associations in Pennsylvania, testify to this. The lecturer in closing spoke eloquently of the happiness which laborers in America enjoy, as contrasted with the misery of their brothers...
...arriving at the truth of a theory than by studying its workings in the past, it has given use to the Historical School of Economists. England, the champion of industrial economics, first demands our attention. She was for a long time, in the very early stages of development, a free trade country. She raised wool and sent it abroad to be manufactured. Not until the time of Edward III. when her industries began to be protected, did the era of prosperity open before her. For five hundred years she did not relinquish an industry which she found adapted...