Here’s the first article from my new articles section – The Case for Free Trade.
Here’s the abstract:
Free trade is both morally and practically superior to protectionism. First, protectionism violates the right of individuals to engage in voluntary exchange. Second, specialization and trade are beneficial whenever there is absolute or comparative advantage between individuals. Finally, protectionism is a negative-sum game: it makes everyone worse off, including the “protected” industries.
For those readers familiar with the Paul Craig Roberts/capital mobility debate, I’d like to know what you think of my critique (in the “Objections” section).
