American school
noun
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
From the M-W Editors
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First Known Use of american school
1879
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