Hostname: page-component-78c5997874-mlc7c Total loading time: 0 Render date: 2024-11-15T04:34:51.404Z Has data issue: false hasContentIssue false
  • English
  • Français

A New American Commercial Policy. By Wallace McClure, Ph.D. New York: Longmans, Green & Co., 1924. Columbia University Studies in History, Economics and Public Law, pp. 397. $4.00.

Published online by Cambridge University Press:  04 May 2017

Jacob Viner
Jacob Viner*
Affiliation:
University of Chicago
Get access Rights & Permissions [Opens in a new window]

Abstract

An abstract is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Book Reviews and Notes
Information
American Journal of International Law , Volume 19 , Issue 2 , April 1925 , pp. 442 - 443
Copyright
Copyright © by the American Society of International Law 1925

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

1 It is a curious feature of this provision that it implies that the amount of penalty which will just offset the burden of a foreign discrimination against American commerce differs according to whether or not an initial penalty had already been imposed. The provision is hopelessly confused as between penalties which will offset the burden against American commerce and penalties which will succeed in securing the removal of the discrimination. 1 doubt whether any economist would admit that any penalty duty can normally operate to mitigate the harm to American commerce from a continuing foreign discrimination. What penalty will suffice to secure the removal of a discrimination is a nice question of psychology to which there is no certain answer until after the event. If the lawyers can find that this provision involves merely the routine execution by the President of a policy whose terms have been laid down by Congress, it will be a greater tribute to the elasticity of their constitutional doctrines than to their insight into the real nature of the problems with which this provision attempts to deal.