American economist FRANK WILLIAM TAUSSIG (1859-1940) was professor of political economy at Harvard University, longtime editor of the Quarterly Journal of Economics, and an advisor to U.S. president Woodrow Wilson during World War II. He is also the author of The Tariff History of the United States (1888), the two-volume Principles of Economics (1911), and International Trade (1927). In this seminal work he shows how the tariff policies had an enormous influence on the direction of U.S. industrial development, and the conflicts caused by intervention.