This book is an exploration of unwise and special laws throughout history, arguing that laws which discriminate and favor some interest or group are always unjust and, therefore, ultimately harmful to a nation. The author goes on to show how these laws took hold in the US, examining their impact on the nature of industry and social organization, showing how these special laws are the source of instability in the nation's commercial and economic affairs. The author posits that the main culprit in this realm is protectionist legislation which creates artificial scarcity, and hence higher prices for goods, and this stimulates production to the point of creating bubbles that invariably burst. The author convincingly argues that protectionism creates instability and is the primary cause of economic crises, panics, and depressions. The book concludes by examining how and why this system of unwise laws has persisted, despite its negative consequences for society, offering insights into the nature of special interests and their influence on government.
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Paperback. Condition: New. Print on Demand. This book is an exploration of unwise and special laws throughout history, arguing that laws which discriminate and favor some interest or group are always unjust and, therefore, ultimately harmful to a nation. The author goes on to show how these laws took hold in the US, examining their impact on the nature of industry and social organization, showing how these special laws are the source of instability in the nation's commercial and economic affairs. The author posits that the main culprit in this realm is protectionist legislation which creates artificial scarcity, and hence higher prices for goods, and this stimulates production to the point of creating bubbles that invariably burst. The author convincingly argues that protectionism creates instability and is the primary cause of economic crises, panics, and depressions. The book concludes by examining how and why this system of unwise laws has persisted, despite its negative consequences for society, offering insights into the nature of special interests and their influence on government. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330731376_0
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Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330731376
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Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330731376
Quantity: 15 available