The Choice: A Fable of Free Trade and Protection (3rd Edition)

The Choice: A Fable of Free Trade and Protection (3rd Edition) Author Russell Roberts
ISBN-10 0131433547
ISBN-13 9780131433540
Year 2006-10-08
Pages 132
Language English
Publisher Pearson
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Written as a novel the book makes the complex concepts issues and terminology of international trade understandable for students Professors complain that their students cannot grasp the nature of how some economic tools are used or how they work in life This novel bridges the gap of concepts with applications by use of a fictional story 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

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