Sorry, this item is not available in
Image not available for
Color:
Image not available

To view this video download Flash Player

 


or
Sign in to turn on 1-Click ordering
Sell Us Your Item
For a $0.78 Gift Card
Trade in
More Buying Choices
Have one to sell? Sell yours here
Tell the Publisher!
I'd like to read this book on Kindle

Don't have a Kindle? Get your Kindle here, or download a FREE Kindle Reading App.

America's Protectionist Takeoff 1815-1914 [Paperback]

by Michael Hudson
5.0 out of 5 stars  See all reviews (4 customer reviews)

List Price: $32.95
Price: $31.30 & FREE Shipping on orders over $35. Details
You Save: $1.65 (5%)
o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o
Only 13 left in stock (more on the way).
Ships from and sold by Amazon.com. Gift-wrap available.
Want it Monday, April 28? Choose Two-Day Shipping at checkout. Details
Free Two-Day Shipping for College Students with Amazon Student

Sell Us Your Books
Get up to 80% back when you sell us your books, even if you didn't buy them at Amazon. Learn more

Book Description

March 1, 2010 3980846687 978-3980846684
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 "free-trade" 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.

Frequently Bought Together

America's Protectionist Takeoff 1815-1914 + Trade, Development and Foreign Debt + THE BUBBLE AND BEYOND
Price for all three: $93.57

Buy the selected items together

Customers Who Bought This Item Also Bought


Product Details

  • Paperback: 392 pages
  • Publisher: ISLET (March 1, 2010)
  • Language: English
  • ISBN-10: 3980846687
  • ISBN-13: 978-3980846684
  • Product Dimensions: 0.8 x 9.4 x 6.6 inches
  • Shipping Weight: 1.4 pounds (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Best Sellers Rank: #1,214,299 in Books (See Top 100 in Books)

Customer Reviews

5.0 out of 5 stars
(4)
5.0 out of 5 stars
4 star
0
3 star
0
2 star
0
1 star
0
Share your thoughts with other customers
Most Helpful Customer Reviews
11 of 11 people found the following review helpful
Verified Purchase
Every American should be required to read this book by the time they turn 21. it tells an incredibly well researched story of the unique American political economy that developed in the 19th century to counter the pessimistic free trade ideas of Britain and how they were gradually abandoned as America started to take Britain's place as a world power. Michael Hudson provides wonderful historical and biographical context for each generation of American protectionists and shows how intimately related the politics of the time and protectionist political economy were. Any attempt to teach 19th century American history without the information contained here will result in a warped, even devastatingly flawed, view of American History.The only Disappointment this book inspires is the disappointment that it took this long to be written and the story it contains hasn't been more widely told. In conclusion, this book is critical to understanding the development of America, the history of protectionism and the roots of free trade dogma in today's politics.If the world doesn't learn how the united states became an industrialized nation, today's developing countries will never industrialize themselves.
Comment | 
Was this review helpful to you?
6 of 6 people found the following review helpful
5.0 out of 5 stars Neglected History March 20, 2012
Verified Purchase
America's Protectionist Takeoff 1815-1914 should be mandatory reading for all students of economics, finance, business, and history. The notion that free trade is the only viable economic perspective, often assumed to be the case in universities these days, is to be ignorant of so much, including the most fundamental debate in nineteenth century American politics - both before the Civil War and after. Furthermore, reading Michael Hudson's account of the development of The American School of Political Economy gives one fine examples by which to understand that economic philosophy does not develop in a vacuum. Every perspective comes with its biases - more strongly in economics than elsewhere due to financial incentive lurking behind the various viewpoints.

That there is an argument for tariffs, even an argument for isolationism, many would deny. But the fact is every industrial nation got its economic feet on the ground by exercising its sovereign right to impose import restrictions, generally against the free trade arguments and the urgings of the British. And the ideas put forth by the American School were highly influential in this regard. I strongly urge you to get this book and read all about it.
Comment | 
Was this review helpful to you?
8 of 9 people found the following review helpful
Verified Purchase
This book is like a series of 20 mini biographies concerning important but nearly unknown political economy thinkers and "activists" during America's protectionist takeoff. I'm partial to biographies, so it was an enjoyable read. It's a shame this book is not getting wider exposure.

It's a 1975 rewrite of his 1968 dissertation, with some material added (I believe) in 2010. The 1975 printing had only 100 copies.

The book reviews and chronicles the diversity of protectionist thought. The title is accurate. He provides a lot of context, and I enjoyed the writing. Their thinking spanned topics such as evolution, religion, physics, slavery, and agriculture. It shows they had a lot of insight that J.S. Mill was not aware of. It's perfect for a historian who's primary interest is economics, or an economist who was not aware of these economists or needs an "off the beaten path" background in protectionism.

The 2010 preface explains why this book is important today:

"Having replaced Britain as the world's major industrial and creditor power after WWI, the US adopted free trade and open financial markets on precisely the grounds its protectionists [of the 1800's] criticized Britain for doing. American economic strategists had learned the lesson that free trade benefits the strong at the expense of the weak [by trading low-wage resources for high-wage industrial goods, undermining the ability to build capital and future potential]. Instead of examining the path by which the US built up its economic strength, foreign countries have adopted today's 'free-market' Washington Consensus. This approach misses the strategy by which the US rose to industrial supremacy after the civil war.
Read more ›
Was this review helpful to you?
5.0 out of 5 stars I absolutely recommend this book. March 4, 2014
By Elliott
Verified Purchase
This is absolutely amazing and insightful book. Michael Hudson talks about the forgotten American political economy in the 1800 - 1900. He also talks about how the protectionist measures as well as high wage led economy were instrumental to the success of the US economy.
Comment | 
Was this review helpful to you?
Search Customer Reviews
Only search this product's reviews
ARRAY(0xa6a08b64)

What Other Items Do Customers Buy After Viewing This Item?


Sell a Digital Version of This Book in the Kindle Store

If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store. Learn more

Forums

There are no discussions about this product yet.
Be the first to discuss this product with the community.
Start a new discussion
Topic:
First post:
Prompts for sign-in
 



Look for Similar Items by Category