Protectionism

""Protectionism: The -Ism Which Teaches That Waste Makes Wealth"" is a book written by William Graham Sumner and published in 1885. The book is a critique of the economic theory of protectionism, which is the belief that a country should protect its industries from foreign competition by imposing tariffs and other trade barriers. Sumner argues that protectionism is based on a flawed understanding of economics and that it ultimately harms consumers and the economy as a whole. He contends that protectionism leads to inefficiency, waste, and higher prices, and that it benefits only a small group of special interests at the expense of the broader public. Sumner's book is a classic work of economic thought and remains relevant today as debates over trade policy continue to shape the global economy.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.