Alexander Hamilton, founder of the American System. Portrait, Painted by John Trumbull

Alexander Hamilton’s Genius Can Save Our Nation

(The following essay was written as a submission to a contest sponsored by the Alexander Hamilton Awareness Society, in which contestants were to address how Hamilton had affected their lives. This essay came in second. I republish it because it will give you a sense of my orientation in running […]

by February 28, 2018 2 comments Commentary, Economists

Alexander Hamilton

Alexander Hamilton’s concept of the American System was most fully developed in his Report on the Subject of Manufactures, submitted to the U.S. Congress, upon its request, in December of 1791. There, at great length, Hamilton lays out the way in which the productive powers of labor are increased in […]

by June 8, 2017 Comments are Disabled Economists

Mathew Carey

Mathew Carey (1760-1839) was an economist and publicist who played a major role in the revival of the American System after Hamilton’s system had been basically abandoned by the Federalist Party, as well as the Democratic Republicans. As editor of the American Museum magazine (1787-1792), Carey published Hamilton’s seminal reports […]

by June 7, 2017 Comments are Disabled Economists

Friedrich List

Friedrich List (1789-1846) was a German economist who spent several years in the United States in the late 1820s, during which time he both studied and further contributed to the American System of economic thought. In his polemics against the British imperial free trade system, which was crushing industry in […]

by June 6, 2017 Comments are Disabled Economists

Henry C. Carey

Mathew Carey’s son Henry Charles Carey (1793-1879) continued his father’s approach, while serving as the key economic advisor to President Abraham Lincoln. Carey took over his father’s publishing operation, but by 1840 had become an author on the principles of the American System; his first book was a four volume […]

by June 5, 2017 Comments are Disabled Economists