Protectionism - Sumner, William Graham
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""Protectionism: The -Ism Which Teaches That Waste Makes Wealth"" is a book written by William Graham Sumner and published in 1885. The book is a critique of the economic theory of protectionism, which is the belief that a country should protect its industries from foreign competition by imposing tariffs and other trade barriers. Sumner argues that protectionism is based on a flawed understanding of economics and that it ultimately harms consumers and the economy as a whole. He contends that protectionism leads to inefficiency, waste, and higher prices, and that it benefits only a small group…mehr

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Produktbeschreibung
""Protectionism: The -Ism Which Teaches That Waste Makes Wealth"" is a book written by William Graham Sumner and published in 1885. The book is a critique of the economic theory of protectionism, which is the belief that a country should protect its industries from foreign competition by imposing tariffs and other trade barriers. Sumner argues that protectionism is based on a flawed understanding of economics and that it ultimately harms consumers and the economy as a whole. He contends that protectionism leads to inefficiency, waste, and higher prices, and that it benefits only a small group of special interests at the expense of the broader public. Sumner's book is a classic work of economic thought and remains relevant today as debates over trade policy continue to shape the global economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
Autorenporträt
William Graham Sumner was an American clergyman, social scientist, and a prominent figure in the development of sociology and economics. Born on October 30, 1840, in Paterson, New Jersey, he was educated at Yale University, University of Oxford, University of Geneva, and University of Göttingen. Sumner is best known for his role as a professor at Yale, where he held the nation's first chair in sociology. His influence on the discipline was profound, shaping the way social science was taught in the United States. As a leading advocate of neoclassical liberalism, he promoted the idea of individualism and minimal government intervention in social affairs. His philosophy emphasized that social classes were not obligated to support each other and critiqued welfare policies, viewing them as detrimental to both the wealthy and the poor. Sumner's ideas significantly influenced economists and social theorists like Thorstein Veblen and Irving Fisher. He passed away on April 12, 1910, in Englewood, New Jersey, leaving behind a legacy that continues to shape discussions around social policy and economic thought. Sumner's work, including his critique of social welfare, remains influential in debates about the role of government in society.