Meaning of AMERICAN SCHOOL in English



Usage: usually capitalized A

: the economists that adhered to the American system ; specifically : the American economists who rejected the Ricardian doctrine of rent and the Malthusian doctrine, advocated a protective tariff, accepted the labor theory of value but not its implication of a subsistence wage, and held that labor's lot continuously improves

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.