| |
| | Irwin, D.A.: Against the Tide: An Intellectual History of Free Trade. |
 | | In this readable intellectual history, Douglas Irwin explains how the idea of free trade has endured against the tide of the abundant criticisms that have been leveled against it from the ancient world and Adam Smith's day to the present. |
 | | Once a presumption about the economic benefits of free trade was established, various objections to free trade arose in the form of major arguments for protectionism, such as those relating to the terms of trade, infant industries, increasing returns, wage distortions, income distribution, unemployment, and strategic trade policy. |
 | | As the history of an economic idea, it pays less attention to the political and economic setting in which different theories were promoted than to their analytical rigour.... |
| press.princeton.edu /titles/5797.html (578 words) |
|