America's Protectionist Takeoff 18151914,Used

America's Protectionist Takeoff 18151914,Used

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The contribution of the American School of Political Economy (1848 to 1914) to America's wildly successful industrial development has disappeared from today's history books. American protectionists and technology theorists of the day were concerned with securing an economic competitive advantage and conversely, with offsetting the soil depletion of 19th century America's plantation export agriculture. They also emphasized the positive effect of rising wage levels and living standards on the productivity that made the American economic takeoff possible. The American School's "Economy of High Wages" doctrine stands in contrast to the ideology of free traders everywhere who accept low wages and existing productivity as permanent and unchanging "givens," and who treat higher consumption, health and educational standards merely as deadweight costs. Free trade logic remains the buttress of today's financial austerity policies imposed on debtor economies by the United States, the World Bank, and the International Monetary Fund. By contrast, the lessons of the American School of Political Economy can provide a more realistic and positive role model for other countries to emulate what the United States itself has done, not what its condescending "freetrade" diplomats are telling them to do. The lesson is to adopt the protectionist policies of the late 19th and early 20th centuries that made America an economic superpower. Michael Hudson (Distinguished Professor of Economics, University of Missouri, Kansas City) is a frequent contributor to The Financial Times, Counterpunch, and Global Research.

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Frequently Asked Questions

  • Q: What is the main focus of 'America's Protectionist Takeoff 1815-1914'? A: The book examines the contributions of the American School of Political Economy from 1848 to 1914, emphasizing its role in America's industrial development and the importance of protectionist policies.
  • Q: Who is the author of the book? A: The author of 'America's Protectionist Takeoff 1815-1914' is Michael Hudson, a distinguished professor of economics.
  • Q: What are the key themes discussed in the book? A: Key themes include the impact of protectionism on economic growth, the 'Economy of High Wages' doctrine, and the contrast between free trade ideologies and American protectionist strategies.
  • Q: How many pages does the book have? A: The book contains 392 pages.
  • Q: What is the condition of the book? A: The book is listed as 'New'.
  • Q: What type of binding does this book have? A: This book is available in a paperback binding.
  • Q: When was 'America's Protectionist Takeoff 1815-1914' published? A: The book was published on March 1, 2010.
  • Q: Is this book suitable for academic study? A: Yes, the book is suitable for academic study, particularly for those interested in economics, political economy, and historical economic policies.
  • Q: What is the significance of the American School of Political Economy according to the book? A: The book highlights the significance of the American School of Political Economy in shaping protective economic policies that contributed to America's rise as an economic superpower.
  • Q: Where can I find more information about the author's contributions? A: More information about Michael Hudson's contributions can be found in various publications such as The Financial Times, Counterpunch, and Global Research.