Protectionism: The -Ism Which Teaches That Waste Makes Wealth (1885)

Protectionism: The -Ism Which Teaches That Waste Makes Wealth is a book written by William Graham Sumner and first published in 1885. The book is a critique of protectionism, a political and economic policy that promotes the use of tariffs and other barriers to protect domestic industries from foreign competition. Sumner argues that protectionism is based on a flawed understanding of economics, and that it ultimately leads to waste and inefficiency. He contends that free trade is the best policy for promoting economic growth and prosperity, and that protectionism only serves to benefit a small group of special interests at the expense of the broader economy. The book is a classic work of economic thought and remains relevant today as debates over trade policy continue to shape global politics and economics.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.