Classical Trade Protectionism 1815-1914: Fortress Europe by Pedro Lains

By Pedro Lains

Including contributions from such figures as Douglas Irwin, James Foreman-Peck, Kevin O'Rourke and Max-Stefan-Schulze, this key booklet summarizes the new empirical learn conducted at the factor of the classical interval of alternate protectionism. It offers a foundation for revising commonly held perspectives at the usual results of price lists on fiscal buildings and development, in addition to a historic viewpoint on fresh developments.

Long-held perspectives on glossy alternate regulations were challenged via the advent of modern theoretical advancements in foreign economics and in size recommendations led to within the Nineteen Sixties and 70s. One query particularly has attracted recognition and has contributed to the bringing to gentle of a few formerly overlooked size and interpretation difficulties: the evaluate of French and British 19th century exchange regulations.

This noteworthy quantity examines the theoretical and useful difficulties linked to the evaluate and size of the direct impression of price lists, prohibitions and quotas on household costs, output constitution and competitiveness. The members additionally research the direct and long-run effects of protectionist measures on specific economies, using facts from in-depth investigations of alternate records in addition to ‘best perform’ statistical ideas akin to powerful safeguard, elasticity of call for and published comparative advantage.

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