TALES
IN
POLITICAL ECONOMY.
I.
The Srimats.
Free trade—Protection of native industry.
I was spending a week in a country house a short time ago in which there was also staying an old sailor, Captain Adam. He told me some wonderful stories of adventures he had had when he was young; and it occurred to me that some of them might teach people a good deal about political economy, if they would take the trouble to use their heads a little. The first story that he told me I shall call a free-trade story, because I think it gives a very good example of what people gain by free trade, and
