The Choice: A Fable of Free Trade and Protectionism Updated Edition
| Author | : | |
| Rating | : | 4.28 (788 Votes) |
| Asin | : | 0130870528 |
| Format Type | : | paperback |
| Number of Pages | : | 116 Pages |
| Publish Date | : | 2016-06-02 |
| Language | : | English |
DESCRIPTION:
A Customer said Economic Solace. This is a wonderful story for all in need of a little economic solace. Russ Roberts (who is wonderful in person) illustrates a world of free trade in a charismatic fictional story. Reminiscent of It's A Wonderful Life, the "angle" David Ricardo teaches an american tv manufacturer why free trade is so important even if it does destroy his business, so convi. "Capable of convincing even the most cynical skeptic" according to Michael Granoff. that free trade benefits EVERYBODY in the long run. If you have doubts about the matter, buy the book. Roberts analyzes every critique of open trade policies and systematically, in thoroughly entertaining fashion, dismantles them. If you're a frustrated free-trader in a sea of protectionists who talk in platitudes, BUY THIS BOOK FOR THEM! It worked for me!. An Entertaining Defense of Free Trade James Schoonmaker This book is, as the title suggests, an allegory with the notion of free trade at its center. It also not-so-subtly introduces the lay reader, for whom this book was written, to the arguments supporting free trade. It is written in the style of It's A Wonderful Life, in that the main character, resembling the American Everyman in his doubts about the merit
And the payoff for the reader is a broader, more vivid appreciation of trade issues."—Doug Harbrecht, Business Week. The ending is a surprise, the journey a pleasure. "Brilliantly conceived."—Martin Wolf, Financial Times "Gather around all of you who have been flummoxed by concepts like comparative advantage and purchasing power parity, puzzled about the difference between a tariff and a quota, or confused about which is better—fair trade or free trade. Russell Roberts explains the mysteries of global life in a heartwarming tale you won't soon forget."—Susan Lee, The Wall Street Journal "Russell Roberts' clever allegory clearly points out the fundamental danger threatening free trade: the favoring of the few at the expense of the many. More importantly, he makes a difficult situation understandable&hel
No prior economics is assumed, but the material can be taught at all levels. 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.. 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. *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. This supplement is appropriate for principles of economics, surveys of economics, international economics, international trade, or managerial economics. *Written as a novel, the book makes the complex concepts, issues and terminology of international trade understandable for stud