The Choice
A Fable of Free Trade and Protectionism

 

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The Choice
A Fable of Free Trade and Protectionism

by Russell Roberts (Author)
by Milton Friedman (Author)

 

Paperback

ISBN: 9780130870520

 

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Appropriate for principles of economics, surveys of economics, international economics, international trade, or managerial economics, this work can be taught at all levels. Written as a novel, it discusses international trade theory and policy, illustrating its effects, with Ed Johnson a fictional American television manufacturer.


This supplement is appropriate for principles of economics, surveys of economics, international economics, international trade, or managerial economics. No prior economics is assumed, but the material can be taught at all levels.
*Written as a novel, the book makes the complex concepts, issues and terminology of international trade understandable for students.
*David Ricardo comes to life to discuss international trade theory and policy with Ed Johnson, a fictional American television manufacturer seeking trade protection from television manufacturers. Their dialogue is a sophisticated, rigorous discussion of virtually every major issue in trade theory and policy. To illustrate the positive and normative effects of international trade and trade policy, Ricardo takes the reader and Ed Johnson into the future to see an America of free trade and an America of complete self-sufficiency. The fictional element brings these topics to life so that students gain the intuition and understanding of how trade changes the lives of people and the industries they work in.The fundamental intuition of how international markets function including general equilibrium effects and policy analysis is provided.


 

ISBN 130870528
ISBN13 9780130870520
Publisher Pearson US Imports & PHIPEs
Format Paperback
Publication date 00/01/2001
Pages 116
Weight (grammes) 209
Published in United States
Height (mm) 229
Width (mm) 152

1. Minutes of the Heavenly Court: Soul of David Ricardo. 2. The Challenge of Foreign Competition. 3. The Roundabout Way to Wealth. 4. Is Trade Good for America? 5. The New Generation of American Know-How. 6. Do Tariffs Protect American Jobs? 7. Tariffs vs. Quotas. 8. Road Trip. 9. The Case for Protection. 10. Do Trade Deficits Hurt America? 11. Fair Trade vs. Free Trade. 12. Should America Trade Freely with Low-Wage Nations? 13. Self-Sufficiency Is the Road to Poverty. 14. The Choice. 15. A Final Word From David Ricardo. 16. Explanations, Sources, and Further Reading.

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