Douglas Irwin on Peddling Protectionism: A Review Essay
Gregory C.G. Moore
History of Economics Review, 2015, vol. 62, issue 1, 38-57
Abstract:
The narrative that follows is a review essay of Douglas A. Irwin’s Peddling Protectionism: Smoot–Hawley and the Great Depression (2011). Although no attempt is made to review the literature devoted to modern trade policy in a systematic fashion, Irwin’s book is placed in recent historical and intellectual context. One chief finding is that Irwin’s research agenda is, in part, a product of a larger intellectual project led by Jagdish Bhagwati in which the case for free trade is further advanced on the grounds that commercial policy is often designed for the benefit of the few rather than the many. Another chief finding is that Irwin’s account of the Smoot–Hawley tariff is sufficiently comprehensive, if not definitive, that there is a danger that his account will completely displace the earlier major tract devoted to this episode, namely, Elmar Eric Schattschneider’s Politics, Pressure and the Tariff (1935). It is argued that Schattschneider’s 1935 account of the Smoot–Hawley tariff constitutes an important contribution to the economics of pressure group activity and is systematically misrepresented in the secondary literature.
Date: 2015
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DOI: 10.1080/18386318.2015.11681280
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