many specious protectionist arguments, none as brazen as Mason’s. It was protectionism at its worst. T. Norman Van Cott, an Adjunct Scholar with the Indiana
prove detrimental to the very industry meant to be protected. Under tariffs, and protectionism in general, inefficient firms are supported and competition is America has proven to be an ongoing concern and the long run should be considered. Protectionism is an outdated part of the antiquated mercantilist theory, and America
A great deal of Bastiat’s writing shows him in attack mode, e.g., against protectionism. Economic Harmonies is different. It was written as a positive case for and the improvement of all of society. Economic Sophisms Bastiat believed that protectionism of all kinds was evil. His book, Economic Sophisms , is full of
and the times in which he composed his free market philosophy and critiques of protectionism. Life and Times of Henry George Henry George (1839–1897) was a monetary benefit via regulatory channels. Or as Murray Rothbard terms it: Protectionism is simply a plea that consumers, as well as general prosperity, be hurt
border, labor unions and the politicians they rent are the primary force behind protectionism today. Union strategy, presented as the agenda of labor (rather than claims and arguments, unions have continued to finesse the fact that all protectionism must by its nature harm the vast majority and “sell” many on those
employment in their current jobs. It may be objected that the benefits of job protectionism outweigh the costs. But while the supposed benefits of protectionism are clearly seen, the bad consequences are pernicious but unseen . The
the deportation of freed slaves. The South was for free trade; the North wanted protectionism. The compact theory states that separate sovereign states compact
with needed economic adjustments. In the United States the forces of old-fashioned protectionism not only may find ways to limit imports but also hamper American
which became known as “card money.” You won’t be surprised to learn that war and protectionism had something to do with the appearance of paper money, in both New
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.