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Synopsis
Notes On Fallacies Of American Protectionists by Francis Lieber. This 1870 tract analyzes the arguments used to defend protective tariffs in the United States, arguing for free exchange and the interdependence of nations as the foundation of wealth and civilization. Lieber identifies numerous fallacies that protectionists rely on—such as appeals to capital protection, fears of European pauper labor, the balance of trade, the supposed need for a domestic “home-market,” and the notion that nations must isolate themselves to preserve independence—and systematically debunks them. He emphasizes that production and exchange are natural, interconnected processes driven by human wants and needs, and that wealth grows through unimpeded exchange rather than artificial constraints. The work traces the evolution of protectionist reasoning, contrasts it with universal interdependence, and defends a cosmopolitan view of economic organization where consumption, production, and exchange occur across borders for the greater good.
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Notes on Fallacies of American Protectionists
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Notes on Fallacies of American Protectionists
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ISBN 10: 0371459206
ISBN 13: 9780371459201
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