Title page from Some Aspects of the Tariff Question

Some Aspects of the Tariff Question

Taussig, a professor of economics at Harvard, wrote what has become a classic work on modern trade theory. The book is an elaboration of articles which he wrote for the Quarterly Journal of Economics and other journals in the late 19th and early 20th centuries.

Key Quotes


The relation between high wages and the use of machinery calls for a word more of explanation. It is usually said that high wages are cause of the adoption of machinery, and that we find here the explanation of the greater use of machinery in the United States. I believe that the relation is the…