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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“American school.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/American%20school. Accessed 27 Jun. 2022.
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The first known use of American school was in 1879
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