Friedrich List's Infant Industry Argument

Abstract

After presenting a broad review of Friedrich List's infant industry argument (Erziehungszollargument) departing from collected works of List, this study aims to compare his ideas with that of Hamilton, Say, Mill, Bastable and Kemp. It underlines the restricted theoretical validity of the argument in modern terms of economics.Friedrich List; infant industry argument; Hamilton; Mill; Bastable; Kemp; externalities; economies of scale