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True Free Trade Is Still True

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  • Fred E. Foldvary

Abstract

Protection or Free Trade (1886) by Henry George remains the classic argument for complete free trade. The arguments against free trade were either anticipated and refuted by George, or they are unanticipated arguments that claim changed or overlooked circumstances have altered the case for free trade. This article refutes these unanticipated arguments by restating the classic economic case for free trade, analyzing counterarguments to free trade, and examining the continuing relevance of George’s theory of the distribution of the benefits of free trade.

Suggested Citation

  • Fred E. Foldvary, 2020. "True Free Trade Is Still True," American Journal of Economics and Sociology, Wiley Blackwell, vol. 79(1), pages 73-86, January.
    • Handle: RePEc:bla:ajecsc:v:79:y:2020:i:1:p:73-86
    DOI: 10.1111/ajes.12308
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    References listed on IDEAS

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    1. Douglas A. Irwin, 2005. "The Welfare Cost of Autarky: Evidence from the Jeffersonian Trade Embargo, 1807–09," Review of International Economics, Wiley Blackwell, vol. 13(4), pages 631-645, September.
    2. Douglas A. Irwin, 2019. "Does Trade Reform Promote Economic Growth? A Review of Recent Evidence," NBER Working Papers 25927, National Bureau of Economic Research, Inc.
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