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Article: Free Trade Today

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March 1, 2004
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Free Trade Today by Jagdish Bhagwati Princeton University Press * 2002 * 128 pages * $35.00 hardcover; $14.95 paperback

In no other area is the gulf of opinion between economists and the general public wider than in the field of free trade. While economists nearly unanimously embrace the idea that free trade increases choices, lowers prices, and raises real incomes for citizens in the countries involved, a significant percentage of the general public endorses all sorts of protectionist policies, including tariffs, export subsidies, and import quotas. Economists face an uphill battle in convincing a skeptical public of the merits of free trade for one simple reason: free trade does not ...

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