Friedrich List quotes
Friedrich List was a German economist and theorist, famous for his advocacy of economic nationalism and protectionism. His work laid the foundation for the development of the "National System" of political economy, which influenced industrial policy in many countries. He argued that nations should protect their emerging industries from foreign competition to achieve long-term prosperity. Here are 24 of his quotes:
The economic betterment of a nation which is at a low level of intelligence and culture, or in which the population is small in relation to the extent and productivity of its territory, is best accomplished through free trade with highly cultivated, rich, and industrious nations. In the case of such a country every restriction of trade, intended to plant manufacturing industry within its borders, is premature and injurious, not only to the welfare of mankind in general, but to the progress of the nation itself. Only when the intellectual, political, and economic education of the nation has so far advanced as a result of free trade that its further progress would be checked and hindered by the import of foreign manufactures and the lack of a sufficient market for its own goods, can protective measures be justified.
Friedrich List
Friedrich List
Occupation: German Economist
Born: August 6, 1789
Died: November 30, 1846
Quotes count: 24
Wikipedia: Friedrich List
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