Free Trade & Trade Policy

National Conflicts, Market Liberalism and Social Peace

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For three years, civil war has caused massive death and destruction in the former Yugoslavia. Almost every day, the television evening news has broadcast pictures of devastating artillery bombardments, ruined towns and villages, and multitudes of killed and wounded men, women and children. Tens of thousands of people have been turned into refugees forced to leave their homes and belongings ... [click for more]

The Case for Legalized Prostitution

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Prostitution may be the world's oldest profession, and laws prohibiting prostitution may well be the oldest example of government regulation and government (sex) discrimination. In a free society, however, all such laws are inappropriate because they violate the basic rights and liberties of the individuals involved. Recent research indicates that over one million women in the United States earn their ... [click for more]

Free Trade, Managed Trade and the State, Part 4

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Part 1 | Part 2 | Part 3 | Part 4 | Part 5 "The Protectionist creed rises like a weed in every soil," lamented the English classical economist Walter Bagehot in the 1880s. "Every nation wishes prosperity for some conspicuous industry. At what cost to the consumer, by what hardship to less conspicuous industries, that ... [click for more]

Free Trade, Managed Trade and the State, Part 3

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Part 1 | Part 2 | Part 3 | Part 4 | Part 5 "Protectionism is purely and highly socialistic," American economist Francis Walker observed in 1887. "Its purpose is so to operate upon individual choices and aims, so to influence private enterprise and the investments of capital, as to secure the building up, within the ... [click for more]
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