Arthur Farquhar on Economic Delusions: An Examination of the Case for Protection

    Authors

    T. L. Martin

    Comments

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    Abbreviated Journal Title

    Am. J. Econ. Sociol.

    Keywords

    Economics; Sociology

    Abstract

    Arthur Farquhar (1838-1929) was a successful manufacturer and exporter of mechanical steel farming implements who also took the time to participate in the day's free trade versus protectionism debate. His main contribution to the national tariff debate was the 1891 book Economic and Industrial Delusions: A Discussion of the Case for Protection. The book was written as a direct response to the McKinley Tariff of 1890 and is very much a polemic against the tariff by a disappointed former Republican. This article summarizes his economic analysis of the incidence of the tariff, the relationship between trade competitiveness and relative wages, and the tariff's effect on overall economic development.

    Journal Title

    American Journal of Economics and Sociology

    Volume

    69

    Issue/Number

    3

    Publication Date

    1-1-2010

    Document Type

    Article

    Language

    English

    First Page

    1107

    Last Page

    1124

    WOS Identifier

    WOS:000279155100011

    ISSN

    0002-9246

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