Choice: A Fable About Free Trade and Trade Protectionism

Author: (USA) Roberts
Publisher:
Publish Date: 2001-10-01
Features: This book uses a wealth of data and facts, along with clear and insightful analysis, to progressively reveal and critique, ultimately not only helping readers recognize that the fundamental problem of trade protectionism is that a few benefit while many pay the price, but also naturally leading readers to understand that "self-sufficiency is the path to poverty." The first edition of the book emphasized a completely opposite view: that the economy at the national level is a mere illusion; while enterprises in two countries may compete, Japan's economic success was not achieved at the expense of the United States. Today, however, this discussion has become outdated, with the U.S. suffering losses, and Japan's economy a prolonged period of stagnation.