Mill and Infant Industry

  • Takashi Negishi
Part of the Research Monographs in Japan-U.S. Business & Economics book series (JUSB, volume 6)


Starting with Adam Smith’s criticism against mercantilism, economists of the classical school generally advocated the free trade and were critical to the protection of domestic industries. J. S. Mill admited, however, the protection of the so-called infant industry, though he imposes a condition which an industry must satisfy to be protected. Then, it was Bastable who followed Mill to add another necessary condition for protection. This Mill-Bastable infant industry dogma was discussed critically by some modern economists from the point of view of the dynamic theory of the gains from trade.


Free Trade Marginal Utility Demand Curve Cost Curve Supply Curve 
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Copyright information

© Springer Science+Business Media New York 2001

Authors and Affiliations

  • Takashi Negishi
    • 1
  1. 1.Aoyama Gakuin UniversityJapan

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