The Economic Basis of Protection is a book written by Simon Nelson Patten in 1896. The book is a comprehensive analysis of the economic theory behind protectionism, which is the practice of shielding a country's domestic industries from foreign competition through the use of tariffs, quotas, and other trade barriers. Patten argues that protectionism is necessary for the development of domestic industries and the growth of the economy.The book is divided into three parts. The first part provides an overview of the economic theory behind protectionism, including the concept of comparative advantage and the role of tariffs in protecting domestic industries. The second part examines the historical development of protectionism, focusing on the United States and Europe. The third part discusses the practical implications of protectionism for the economy, including the impact on wages, prices, and international trade.Patten's argument in favor of protectionism is based on the idea that domestic industries need to be protected from foreign competition in order to develop and grow. He argues that without protection, domestic industries will be unable to compete with foreign firms that have lower production costs and can sell goods at lower prices. This, in turn, will lead to the decline of domestic industries and the loss of jobs and economic growth.Overall, The Economic Basis of Protection is an important work in the history of economic thought, providing a detailed analysis of the theory and practice of protectionism. It remains relevant today as debates over trade policy continue to shape the global economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.