… is from page 9 of Jagdish Bhagwati’s 1989 lecture “Is Free Trade Passé After All?” as reprinted in Political Economy and International Economics, a 1991 collection, edited by Doug Irwin, of some of Bhagwati’s writings [footnote deleted; link added]:
Thus [Alfred] Marshall, after observing the American experience with protection which reinforced his skepticism of rational tariff intervention, felt that “in becoming intricate it (i.e., protection) became corrupt, and tended to corrupt general politics.”
DBx: It has become fashionable among certain protectionists to attempt to strengthen the weak intellectual credentials of protectionism by conscripting into protectionist ranks famous economists, including Alfred Marshall (1842-1924), pictured here. But these attempts reflect nothing more than a failure, by the protectionists, to read the works of their would-be conscripts carefully.
