Free Trade & Trade Policy

Settling for an Injustice

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The federal government's antitrust case against Microsoft apparently will end in a settlement. All that remains is for the presiding judge to give her blessing and for some recalcitrant state attorneys general to get on board. It's understandable why Microsoft would acquiesce in a settlement. The long case has been costly. ... [click for more]

Avoid Phony Public Service

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The dean of Harvard’s Kennedy School of Government, Joseph S. Nye Jr., laments that while in 1980 three-quarters of the graduates took government jobs, just one-third does so these days. That’s a good trend. But not good enough. Here’s hoping the number drops further. Many people will ask, who could ... [click for more]

A Regulated-Economy Agreement for the Americas

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DURING THE WEEKEND of April 20–22, 2001, the leaders of countries in North, Central, and South America met in Quebec, Canada, to approve an agenda for establishing free trade throughout the western hemisphere by 2005. The news media gave a great deal of attention to the thousands of demonstrators who clashed with the police. Representing a wide variety of diverse ... [click for more]

Free Markets Aren’t Conservative

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One of the great myths of the Industrial Age is that businessmen generally like free markets. That myth has deep implications and consequences. For example, someone who buys into it will tend to believe that proposals to deregulate markets are simply favors for special interests and inimical to the interests ... [click for more]

Free Trade without the “But”

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Heads of state throughout the Western Hemisphere gathered recently in Quebec City to talk about setting up a hemispheric free-trade zone. But as usual, the politicians spoke with forked tongues. When these guys say “free trade” they really mean “free trade, but.” There are more ... [click for more]

The Return to a Global Economy

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AFTER TWO WORLD WARS, the Great Depression, and experiments with socialism interrupted the liberal economic order that began in the 19th century, the world economy has now returned to the level of globalization that it previously enjoyed. By the 1970s, trade as a share of world economic output had already reached its pre–World War I height. During the past ... [click for more]

The Fundamental Rights of the European Union: Individual Rights or Welfare-State Privileges? Part 2

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Part 1 | Part 2 IN NOVEMBER 1934, during the dark years of growing tyranny throughout Europe, British historian Ramsey Muir penned a short article that appeared in the pages of the journal The Nineteenth Century and After. His theme was “civilization and liberty.” He asked how it was that of all the civilizations around the world, only the ... [click for more]

Market Liberalism, International Order, and World Peace, Part 2

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Part 1 | Part 2 In 1952 ,free-market economist Michael A. Heilperin delivered a lecture entitled “An Economist’s Views on International Organization.” He told his audience, It is an elementary, but often forgotten, knowledge that policies of national governments have always been the principle obstacle to economic relations between people living in various countries, and that whenever these relations ... [click for more]

Market Liberalism, International Order, and World Peace, Part 1

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Part 1 | Part 2 In this Post–Cold War epoch the world is desperately searching for international order, global peace, and general economic prosperity. The great debate going on around the world is whether these desired goals can be attained through the existing system of national sovereignty or whether they require the establishment of international political organizations with the ... [click for more]

Abolish NHTSA

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Purely for the sake of discussion, let’s assume the worst about Firestone and Ford: that someone’s gross negligence led to the production of tires that endangered drivers of Ford Explorers. The common law tort process should be allowed to take its course. If there’s evidence of ... [click for more]

Is Mexico Asking the Right Questions?

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In order to solve a problem, it is necessary to ask the right questions. During his recent visit to Washington, Mexican President-elect Vicente Fox asked the wrong questions: "How can we narrow the gap in income on both sides of the border?" and "How can we put together a fund for development?" The ... [click for more]
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