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Making Sense of Smoot-Hawley - Technology and Tariffs (Paperback)
Loot Price: R424
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Making Sense of Smoot-Hawley - Technology and Tariffs (Paperback)
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List price R502
Loot Price R424
Discovery Miles 4 240
You Save R78 (16%)
Expected to ship within 10 - 15 working days
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Total price: R444
Discovery Miles: 4 440
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Three-quarters of a century after its enactment, the Smoot-Hawley
Tariff Act remains an enigma. Either U.S. policymakers were grossly
mistaken or we have missed something. Could there have been a
method to their apparent madness? Could the upward tariff revision
have made sense, however little? This book, based on the author's
earlier work on Mass Production and the Great Depression, offers an
alternative interpretation of the Smoot-Hawley Tariff Act of 1930,
namely as a response on the part of U.S. policymakers to the
problem of underincome, itself the result of the massive technology
shock that was electrification and the ensuing
extremely-high-throughput, continuous-flow production techniques
pioneered at the Ford Motor Company at its Highland Park plant.
Productive capacity increased faster than income and expenditure,
opening the gap that Reed Smoot, Willis C. Hawley, and the
Republican Party set out to close via a generalized upward tariff
revision.
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