Economics Dictionary of ArgumentsHome
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| Tariffs: Tariffs are taxes imposed by a government on imported goods. They are used to raise revenue or protect domestic industries by making foreign products more expensive. Tariffs can influence trade balances, consumer prices, and international relations. While they may benefit local producers, they often lead to higher prices for consumers and potential retaliation from trading partners. See also International relations, Taxation, International trade._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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James M. Buchanan on Tariffs - Dictionary of Arguments
Boudreaux I 31 Tariffs/Buchanan/Boudreaux/Holcombe: It’s easy, (…) to see that a tariff on imports of wheat causes increased wheat production at home and higher employment and wages on wheat farms. But these benefits are not free. They come at a price, which in this case (because the purpose and effect of the tariff is to raise the price of wheat at home by reducing the supply available to consumers) includes reduced availability at home not only of wheat but also of other goods and services. Boudreaux I 32 The resources that the tariff draws into wheat production at home are no longer available to produce the rye, the roads, and the other goods and services that these resources would otherwise have been used to produce. And because the very purpose of the tariff is to make wheat at home scarcer, home-country residents also have less wheat to consume. >Cost/Buchanan._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconBuchan I James M. Buchanan Politics as Public Choice Carmel, IN 2000 Boudreaux I Donald J. Boudreaux Randall G. Holcombe The Essential James Buchanan Vancouver: The Fraser Institute 2021 Boudreaux II Donald J. Boudreaux The Essential Hayek Vancouver: Fraser Institute 2014 |
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