John Stuart Mill and Ricardo made a sort of logic of political economy; in order to simplify their processes, they deliberately stripped man of all motives save self-interest alone, and the result was evidently ‘doctrinaire’--was not a picture of life, but a theorem of trade.
Wilson critiques the reductionist approach of early economists who oversimplified human motives to self-interest.
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We have been vigorously building up a great merchant marine and providing for improvement of marketing in foreign countries by the passage of an export trade law.
If there ever was a time when America had anything to fear from foreign competition, that time has passed.
One does not pay a compliment to the American farmer who attempts to alarm him by dangers from foreign competition.
The price of wheat is a world price; and it is a matter of little moment whether the Canadian wheat goes directly into the markets of the other countries of the world or indirectly through this country.
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