Moving From Protectionism to Liberalization
NEW TITLE: Competing intellectual views on Liberalism and Protectionism from 1900-1940
Introduction
While there have many fluctuations in the level of openness in the international economy, one period that stands out for rapid development is the period between approximately 1900 and 1940. In this time, there was a gradual worldwide shift to a more proctionist and isolationist international economy. While the debate about liberalism v. protectionism is one that has been present throughout history, this particular period was rather heated.
Section Two: Historical Views of Free Trade
Economists in support of free trade: Adam Smith, David Ricardo, Jean Baptiste Say, Frederic Bastiat, John Stuart Mill, Nicolaas Pierson, William Sumner
Economists in favor of protectionism: Alexander Hamilton, Daniel Raymond, Henry Carey, Adam Muller
Section Three: Economists advocating Liberalism from 1900-1940
Frank William Taussing: Protection and Free Trade. The Case for Free Trade.
Joseph Chamberlain: The Riddle of the Tariff
Section Four: Economists advocating Protectionism from 1900-1940
Section Five: Tariff Policy During 1900-1940 --Brief outline of years leading up to Smoot-Hawley and other important (and increasinly restrictive) tariffs: McKinley Tariff of 1890, Fordney-McCumber Act in 1922
References
