Incompleteness, Nonlocality, Realism - Prolegomenon to the by M. Redhead

By M. Redhead

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The North American Free Trade Area is, in spite of reassurances to Congress, a change of practice for a country in which Congress has always kept the tariff in its hands, relinquishing its detailed parliamentary supervision of variations in customs duty to the President and the Executive’s trade negotiators for only limited periods of time and only under stringent conditions imposed beforehand on the possible outcome of any negotiations. The constitutional importance of customs dues was greater in the nineteenth century because the revenue from them made up so large a part of total state revenue.

It concerns the longrun relationship of the modern developed economy and state to the huge growth in value and volume of international trade on which its inhabitants have come to depend for their wellbeing. How should that trade be regulated in the states own interest? Consult any large library on the subject of the commercial policy of twentieth-century states. Over 90 per cent of the information deals with tariffs. Yet in most of the highly-industrialised countries in the twentieth century tariffs have become increasingly unimportant both as an instrument of commercial policy and as a source of government revenue.

No part of this book may be reprinted or reproduced or utilized in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloging in Publication Data Milward, Alan S. Milward and George Brennan.

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