Note 609 — Chapter IV · : FRIEDRICH LIST AND THE NATIONAL SYSTEM OF POLITICAL ECONOMY

Compare the long passage in the Principles, Book V, chap. 10, § 1, which begins: “The only case in which on mere principles of political economy protecting duties can be defensible is when they are imposed temporarily (especially in a young and rising nation) in hopes of naturalising a foreign industry, in itself perfectly suitable to the circumstances of the country. The superiority of one country over another in a branch of production often varies only from having begun it sooner.” Stuart Mill, however, does not refer to List, and one wonders whether the paragraph owes anything to his influence.