. Pamphlets. doccupations, would pay the price. The interest of the worker lies in obtaining the greatestpossible amount of the necessaries and comforts of life inreturn for his labour. This he can only do where freedomof trade encourages the most economical and the mostprofitable employment of labour. As we stated in theopening pages of this paper, the prosperity of a countrycannot be tested by the state of any particular industry, butby the general wealth, power and happiness which the com-munity enjoys as a result of the labours of the wholecommunity and of the exchange of goods and service
. Pamphlets. doccupations, would pay the price. The interest of the worker lies in obtaining the greatestpossible amount of the necessaries and comforts of life inreturn for his labour. This he can only do where freedomof trade encourages the most economical and the mostprofitable employment of labour. As we stated in theopening pages of this paper, the prosperity of a countrycannot be tested by the state of any particular industry, butby the general wealth, power and happiness which the com-munity enjoys as a result of the labours of the wholecommunity and of the exchange of goods and servicesbetween itself and the world at large. Judged by thisstandard, there can be no doubt as to the effects of FreeTrade upon the industrial districts of the West of England. Printed by Cassell & Comtany, Limited, La Belle Sauvagk, London, The Fiscal Policy ofInternational Trade Being a Summary of the Memorandumby Prof. ALFRED MARSHALL, pub-lished as a Parliamentary Paper in 1908 BY J. M. ROBERTSON, GASSELL AND COMPANY, LTD. London, New York, Toronto and Melbourne 1910 INTRODUCTION At the end of 1908 there was printed, by order of theHouse of Commons, a Memorandum by Mr. AlfredMarshall on the Fiscal Policy of International had been originally written in the autumn of 1903, atofficial request, by way of answering two main , as is explained in its Prefatory Note, some of theauthors emendations and additions to the original draftwere lost in course of post, and for this and other reasons,he preferred that it should not be published. In 1908,however, a question having been asked about it in theHouse of Commons, he consented to revise it slightly,and he re-wrote one portion; whereupon it was officiallypublished with his consent. The value of the Memorandum was at once recognisedby students of economics and by many politicians; but,partly by reason of the official form in which it was issued,it has never had the general Circulation which it so welldeserve
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