Protectionism

Protectionism: The -Ism Which Teaches That Waste Makes Wealth is a book written by William Graham Sumner in 1885. The book is a critique of protectionism, which is the economic policy of shielding a country's domestic industries from foreign competition by imposing tariffs on imported goods. Sumner argues that protectionism is based on a flawed understanding of economics and that it ultimately harms the economy by creating inefficiencies, reducing competition, and increasing prices for consumers. He also argues that protectionism is a form of waste, as it encourages the production of goods that are less efficient and more expensive than those produced by foreign competitors. The book is written in a clear and accessible style, making it a valuable resource for anyone interested in the history of economic thought or the debate over protectionism.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.