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Tariffs, Blockades, and Inflation: The Economics of the Civil War (The American Crisis Series: Books on the Civil War Era) Paperback – January 1, 2004

ISBN-13: 978-0842029612 ISBN-10: 0842029613

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Product Details

  • Series: The American Crisis Series: Books on the Civil War Era
  • Paperback: 116 pages
  • Publisher: Rowman & Littlefield Publishers (January 1, 2004)
  • Language: English
  • ISBN-10: 0842029613
  • ISBN-13: 978-0842029612
  • Product Dimensions: 6.5 x 0.5 x 8.7 inches
  • Shipping Weight: 8.8 ounces (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Best Sellers Rank: #751,468 in Books (See Top 100 in Books)

Editorial Reviews

Review

A readable, enjoyable treatise that introduces the works of many economists operating under the Austrian approach. (Eh.Net)

The authors have an important story to tell. Tariffs, Blockades, and Inflation: The Economics of the Civil War is well done and presents important economic concepts, analyses of the blockades, the efforts of both sides to finance the war, and the consequences of the war. This new text will be useful in courses on the Civil War and American economic history. (Glenn Linden)

An extremely penetrating work that broadens our understanding of the great sectional conflict we call the Civil War—a war that not only changed forever the cultural fabric of the United States but inexorably altered the government established by the Farmers. (Chronicles)

Mark Thornton and Robert Ekelund, Jr. manage, within the covers of a slim volume, to supply fresh insights into the economic and political forces that led to war, contributed to the Confederacy's defeat, and shifted governmental power permanently toward the center. . . . Consistently spirited and thought-provoking, Tariffs, Blockades, and Inflation is a distinctive addition to the literature on the Civil War and to economic history more generally. . . . [Tariffs, Blockades, and Inflation] breaks new ground in applying neoclassical economic theory and public choice reasoning to the analysis of a pivotal and endlessly fascinating period in U.S. history. . . . Tariffs, Blockades, and Inflation is must reading for public choice economists, economic historians, and students who want-or can be assigned to want-a concise, user-friendly introduction to economic principles and their application. (William F. Shughart II Public Choice 2005)

In concise and clear prose Professors Mark Thornton and Robert Ekelund use basic economics to explain the causes, outcome, and consequences of the Civil War. (John Majewski The Freeman: Ideas On Liberty)

Want to know why the South lost the Civil War? The answer is in this delightful, scholarly book. (Robert Tollison)

For readers unfamiliar with the Austrian approach to economics, the two authors offer a readable, enjoyable treatise that introduces the works of many economists operating under the Austrian approach. . . . The authors have capably introduced readers to the burgeoning corpus of Austrian analysis of the war. (David G. Surdam Eh. Net)

Mark Thornton and Robert B. Ekelund, Jr. have written a concise synthesis of economic change during the Civil War. (Jane Flaherty H-Civwar)

About the Author

Mark Thornton is senior fellow at the Ludwig von Mises Institute and book review editor of the Quarterly Journal of Austrian Economics. Robert B. Ekelund, Jr., is the Edward K. and Catherine L. Lowder Eminent Scholar at Auburn University and Vernon F. Taylor Visiting Distinguished Professor at Trinity University in San Antonio, Texas.

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53 of 56 people found the following review helpful By A Customer on February 16, 2004
Format: Paperback Verified Purchase
I bought this book with the intention that it should complement and supplement previously read works on the "Civil War", eg.: Tom DiLorenzo's Lincoln, Jeffrey Hummel's Emancipation and Enslavement, and Charles Adams' When in the Course. It didn't disappoint. Although it is strictly an economic look at the war, it is a Human Action type (self-interest) economics. Stats and graphs add to the text, they don't overwhelm it.

The highlights---Slavery a factor, yes, but as an economic issue, much more than a moral issue. Tariffs a factor, yes, but the uncertainty about future rates, with the election of Republican Lincoln, more than the immediate antebellum rates. The Anaconda Plan worked, yes, but with a great assist from the South with its impressments, embargo, and "luxury" taxes, the Rhett Butler effect. The relationship between the financing of the war (a lot of inflation,yes) and The Wonderful Wizard of Oz. When one ponders today's current account deficit, the Civil War's economics do not represent the distant past.
All in all, a book of around 160 pages including introduction,index and bibliography full of interesting interpretations of things which I thought I knew so well, yet didn't.
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19 of 22 people found the following review helpful By Midwest Book Review on May 3, 2004
Format: Paperback
The collaborative effort of Mark Thornton and Robert Ekelund Jr., Tariffs, Blockades, and Inflation blends contemporary economic analysis and modern market theory with a history of the Civil War era to provide a comprehensive approach to Civil War history. From analysis of why and how the war began as it did to chapters contrasting the different underlying economic concerns of North and South before, during and after conflict, this provides an unusual, important analysis.
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8 of 10 people found the following review helpful By Winder on March 3, 2013
Format: Paperback Verified Purchase
The book is very short and very much on point. This is a stripped down straight to the meat of the economic issues that lead up to the Civil War.

Modern revisionist want people to believe that America fought a civil war for moral reasons. The simple truth of the matter is that America fought a civil war for the exact same reasons every other war in history has been fought. Money, Power & Control.

A fast and easy weekend read that is full of historical facts. Should be on the reading list of every Civil War and economics junkie.
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By Visitor on July 24, 2014
Format: Paperback Verified Purchase
Concise update of the Beard thesis.
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Tariffs, Blockades, and Inflation: The Economics of the Civil War (The American Crisis Series: Books on the Civil War Era)
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