The theory of comparative advantage supposedly proves mathematically that free trade always gives everyone the best outcome. Here’s a demolition of that theory in 1,400 words.
Tag: Protectionism
A summary of List’s sophisticated theory of the role that protectionism can play on the path to global free trade.
How the USA grew rich (by learning from the British).
The real reasons Britain grew rich (hint: it wasn’t free trade and small government)