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When benefits are included German manufacturing wages rise to $30 and hour, America to $20 and hour and Britain to $15 (Richard C. Longworth, Global Squeeze: The Coming Crisis of First-World Nations (Chicago: Contemporary Books, 1999), p. 177. Russian wages will increase even greater when benefits are factored in.

2. Karl Polanyi, The Great Transformation (Boston: Beacon Press, 1957), p. 277. Quoting the classics: Henri Pirenne, Economic and Social History of Medieval Europe . (New York: Harcourt, Brace, 1937) and Eli F. Heckscher’s Mercantilism , 2 vol. (New York: The Macmillan Company, 1955).

3. Immanuel Wallerstein, The Origin of The Modern World System , vol. 1 (New York: Academic Press, 1974), pp. 119-20. See also Paul Bairoch’s, Cities and Economic Development From the Dawn of History to the Present (Chicago: University of Chicago Press, 1988). For “plunder-by-trade,” see William H. McNeill, The Pursuit of Power (Chicago: University of Chicago Press, 1982).

4. Christopher Layne, “Rethinking American Grand Strategy,” World Policy Journal, (Summer 1998), pp. 8-28.

5. Lewis Mumford, Technics and Human Development (New York: Harcourt Brace Jovanovich, 1967), p. 279; Kropotkin, Mutual Aid , chapters 6 and 7; George Renard, Guilds of the Middle Ages (New York: Augustus M. Kelly , 1968), p. 35; Petr Kropotkin, The State (London: Freedom Press, 1987), p. 41; Dan Nadudere, The Political Economy of Imperialism (London: Zed Books, 1977), p. 186.

6. Barbara Tuchman, The March of Folly (New York: Alfred A. Knopf, 1984), pp. 130-31. For early mercantilist theory see Douglas A. Irwin, Against the Tide: An Intellectual History of Free Trade (Princeton, N.J.: Princeton University Press, 1996).

7. Adam Smith, The Wealth of Nations (New York: Random House, 1965), p. 607.

8. Friedrich List, The National System of Political Economy (Fairfield, NJ: Auguatus M.Kelley, 1977), pp. 9-33, 40-45, 56, 71-79, 345, chapters 26, 27.

9. Smith, The Wealth of Nations, pp. 413, 426, 642. For free trade philosophy before Adam Smith, see Michael Perelman, The Invention of Capitalism: Classical Political Economy and the Secret History of Primitive Accumulation (London: Duke University Press, 2000) and Irwin, Against the Tide , chapter 3.

10. List, National System , pp. 366-370.

11. Ibid, p. 73. Earlier theorists on protection against mercantilists were: Alexander Hamilton, 1791; Adam Muller, 1809; Jean-Antoine Chaptal, 1819 and Charles Dupin, 1827, see Paul Bairoch, Economics and World History: Myths and Parodoxes (Chicago: University of Chicago Press,

12. Ibid, p. 99.

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