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Peddling Protectionism: Smoot-Hawley and the Great Depression

Howden, David

Quarterly Journal of Austrian Economics, 2015-06, Vol.18 (2), p.232 [Periódico revisado por pares]

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Título:
Peddling Protectionism: Smoot-Hawley and the Great Depression
Autor: Howden, David
Assuntos: Deflation ; Economic depression ; Economic depressions ; Economic models ; Great Depression ; International trade ; Legislation ; Political aspects ; Protectionism ; Tariffs ; Trade restrictions
É parte de: Quarterly Journal of Austrian Economics, 2015-06, Vol.18 (2), p.232
Descrição: The Smoot-Hawley Tariff Act of 1930 could be the best-known piece of Congressional legislation It also remains among the most controversial; both vilified and embraced by politicians of all stripes to further their cause, whether that be increasingly protectionist trade measures or an expansion of unencumbered free trade Over the course of four succinct chapters, Dartmouth economics professor Douglas Irwin expertly separates the wheat from the chaff of this oft-misunderstood Act to give life to its evolution, as well as its role in deepening the Great Depression Chapter one overviews from whence the Act emerged Interestingly in the context of American politics, Smoot-Hawley's origins are not found in an economic depression or specific lobbying by special interest groups Instead the Act emerged during the 1928 election year as a way to appease economically depressed farmers without offering them a direct subsidy.
Editor: Auburn: Ludwig von Mises Institute
Idioma: Inglês

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