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A capitalist world organized on liberal principles knows no separate economic zones. In such a world, the whole of the earths surface forms a single economic territory.Liberalismp. 113Protectionism
Economic nationalism is incompatible with durable peace. Yet economic nationalism is unavoidable where there is government interference with business. Protectionism is indispensable where there is no domestic free trade. Where there is government interference with business, free trade even in the short run would frustrate the aims sought by the various interventionist measures.Human Actionp. 682; p. 686Protectionism
Every restriction of trade creates vested interests that are from then onward opposed to its removal.The Theory of Money and Creditp. 288Protectionism
From the purely economic point of view nothing speaks against free trade and everything against protectionism.Nation, State, and Economyp. 64Protectionism
Government does not have the power to encourage one branch of production except by curtailing other branches. It withdraws the factors of production from those branches in which the unhampered market would employ them and directs them into other branches.Human Actionp. 737; p. 744Protectionism
Hunger and anarchy — that is the result of the protectionist policy.Nation, State, and Economyp. 75Protectionism
In the long run there cannot be such a thing as moderate protectionism. If people regard imports as an injury, they will not stop anywhere on the way toward autarky. Why tolerate an evil if there seems to be a way to get rid of it?Omnipotent Governmentp. 250Protectionism
People favor discrimination and privileges because they do not realize that they themselves are consumers and as such must foot the bill. In the case of protectionism, for example, they believe that only the foreigners against whom the import duties discriminate are hurt. It is true the foreigners are hurt, but not they alone: the consumers who must pay higher prices suffer with them.Omnipotent Governmentp. 183Protectionism
The philosophy of protectionism is a philosophy of war. The wars of our age are not at variance with popular economic doctrines; they are, on the contrary, the inescapable result of a consistent application of these doctrines.Human Actionp. 683; p. 687Protectionism
The slogan Away with foreign goods! would lead us, if we accepted all its implications, to abolish the division of labor altogether. For the principle that makes the international division of labor seem advantageous is precisely the principle which recommends division of labor in any circumstances.Socialismp. 288Protectionism
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