American school


Definition of American school

: 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

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First Known Use of American school

1879, in the meaning defined above

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The first known use of American school was in 1879

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Cite this Entry

“American school.” Dictionary, Merriam-Webster, Accessed 25 Jan. 2021.

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