Frank William Taussig (1859-1940) was an American economist and educator. He is credited with creating the foundations of modern international trade theory. Taussig was an opponent of the idea of a "Marginalist Revolution", stressing instead the congruity of Classical and Neoclassical economics. Most of his contributions to economics have been on international trade theory, particularly on the issue of tariffs, on which he was the foremost authority. He was a lukewarm freetrader, but his anti-union and monometallist positions set him out as a relatively conservative economist. He was the editor of the Quarterly Journal of Economics from 1889 to 1890 and from 1896 to 1935; president of the American Economic Association in 1904 and 1905; and chairperson of the United States Tariff Commission from 1917 to 1919. His works include: The Protection to Young Industries (1883), Wages and Capital (1896), Principles of Economics (1911), Some Aspects of the Tariff Question (1915) and...