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PROTECTION AND BAD TIMES

WITH SPECIAL REFERENCE TO THE

POLITICAL ECONOMY OF ENGLISH

COLONIZATION

BY

GEORGE BADEN-POWELL, M.A.

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F.R.A.S., F.S.S.

AUTHOR OF NEW HOMES FOR THE OLD COUNTRY,"

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Ballantyne Press

BALLANTYNE AND HANSON, EDINBURGH

CHANDOS STREET, LONDON

PREFACE.

THE following pages essay to contain a comprehensive and yet succinct investigation of three main problems. The first of these includes the nature and effects of protection. The second is concerned with the diagnosis of commercial depressions; including a sufficient account of effective and non-effective remedies, together with the presently important question of the possibilities of free-trade. The third deals with the England of to-day as an example of these things: an examination of her economic course is entered upon, and a wider attention is invited to the new prospects afforded by the presence of an extending empire.

Professor Bonamy Price has well remarked that we cannot satisfactorily boast of our advance in economical knowledge, and so in industrial and commercial power, in the face of that widespread distress and depression which now broods over those very nations which we deem to be the most advanced in civilization. Nor have we more reason for confidence when we are brought to acknowledge that we cannot as yet look for the definite abandonment of economical theories that are conclusively proved to be wrong and hurtful both by experience and by b

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