Free Trade And Laissez Faire

Topics:
WTO
Tags:
Finance,
Free Trade,
University Of California At Los Angeles
Source:
UCLA

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Overview: This paper examines the century old debate about free trade and laissez-faire and shows with the famous diagram from Corden’s “Trade Policy and Economic Welfare,” that the logical conclusion for the modern theory of trade and welfare, once political economy costs are taken into account is that, as the classical liberals maintained, the case for free trade and laissez-faire hang together.

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Format: PDF | Size: 188KB | Date: Oct 2002 | Pages: 15

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