Word: protectionist
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Dates: during 1880-1889
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...London Quarterly Review says in a recent number: "All the professors of universities in America save one, Pennsylvania, teach free trade; but the people are protectionists in spite of their doctrinaires." The New York Mail and Express says, in comment, that although Pennsylvania is not the only protectionist college (for the University of Minnesota also teaches protection) yet it must be admitted that the economic teaching in most of our colleges is a reflection of English thought and methods. This is shown by the fact that the text books used are those of Adam Smith and Malthus, Mill and Jevons...
...class of '75 has decided to establish a new chair of political economy at Yale, at which protectionist theories alone shall be taught...
...Hamilton, the refunding of the Revolutionary debt, the National Bank system, and the sinking fund. Mr. Stuart Wood follows with a new view of the theory of wages. The most interesting paper of the number is Mr. Power's article on Victoria and New South Wales, the one a protectionist and the other a free trade colony. The number is closed by editorial notes and some attractiv memoranda which are very good reading...
...protective system enables us to obtain the greatest amount of wealth from our agricultural, manufacturing and commercial industries, and possesses inestimable social and political advantages:- C. D. Henning, The Advantages of a Protective Tariff; Stebbins, American Protectionist Manual...
...Warren said the protectionist's position is a paradox. High wages are made by protection, and because wages are high more protection is needed, they say. A high tariff does not make high wages. There are due to the greater capacity and productive of the laborer. Now, if tariff does not make high wages, a reduction does not make low. If this were so, this is just what the manufacturers would want. The trouble is it would reduce not wages but profits. With raw materials free, the cotton and every trade would be extended and wages would not fall certainly...