2.Frederich List, an-early 19th-century German
economist, is famous for making the so-called “infant industry”
argument. He wrote:Had the English left everything to
itself—'Laissez faire, laissez aller', as the popular economical
school recommends—the [German] merchants of the Steelyard would be
still carrying on their trade in London, the
Belgians would be still manufacturing cloth for the
English, England would have still continued to be the sheep-farm of
the Hansards, just as Portugal became the vineyard of England, and
has remained so...