Tag Archives: free trade

How China’s rise has challenged the benign view of free trade

The costs and benefits of free trade are one of the most contentious topics in economic policy. Economists often argue in policy discussions that trade is Pareto improving (i.e., at least one party wins without any other party losing) and … Continue reading

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The ultimate resource and its allocation

Free trade and open labor markets are determinants of economic welfare. In his legendary 1981 book, the American population economist Julian Simon suggested that human beings are The Ultimate Resource. Simon died much too early in 1998, but his vision … Continue reading

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