Aspects of the Theory of Tariffs (Collected Works of Harry Johnson)

Introduction

This book has its origins in a series of five lectures on the theory of tariffs that I was invited by the late Professor Ely Devons to offer at the London School of Economics and Political Science in January–February 1964. The five lectures dealt respectively with the standard theory of tariffs, the arguments for protection, the cost of protection, the theory of tariff structure, and tariffs and economic development. I had originally intended to reproduce those lectures as originally delivered, in a short monograph under the title of this book. But other activities intervened, and the monograph never materialized. Meanwhile, two of the original lectures have been published elsewhere: one on the standard theory of tariffs,¹ more or ...