The National System of Political Economy

A German historian who wrote in favor of protective tariffs and trade retaliations between industrial nations, even if they maintain free trade within each country. During the 1820s, he lived in Pennsylvania, where he contributed to the pro-tariff debates in the United States. His economic arguments were centered around refutations of Adam Smith.

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Citation

The National System of Political Economy by Friedrich List, trans. Sampson S. Lloyd, with an Introduction by J. Shield Nicholson (London: Longmans, Green and Co., 1909).

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Key Quotes

Economics

The nation must sacrifice and give up a measure of material property in order to gain culture, skill, and powers of united production; it must sacrifice some present advantages in order to insure to itself future ones. If, therefore, a manufacturing power developed in all its branches forms a…

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