International Trade - An Application of Economic Theory

John Atkinson Hobson (1858 - 1940) was an English social scientist and economist most famous for his work on imperialism-which notably had an influence on Vladimir Lenin-as well as his theory of underconsumption. His early work also questioned the classical theory of rent and predicted the Neoclassical "marginal productivity" theory of distribution. First published in 1904, this volume looks at the subject of international trade with reference to contemporary economic theory, focusing on the principles of Free Trade and Preferential and Protective Tariffs. Contents include: "The Importance of External Trade", "The Alphabet of Free Exchange", "Exchange Between 'Non-competing Groups'", "Nations as Trading Groups", "Non-protective Import Duties", "The Incidence of Protective and Preferential Duties", etc. This fascinating book will appeal to those with an interest in economic theory and history, and it would make for a worthy addition to related collections. Many vintage books such as this are becoming increasingly scarce and expensive. We are republishing this volume now in an affordable, modern, high-quality edition complete with an excerpt from "Imperialism, The Highest Stage of Capitalism" by V. I. Lenin.