Trade Policy and the Price System |
Contents
Passing Judgment on Trade Policy | 1 |
The Price System | 13 |
The Economic Gains from Trade | 31 |
Copyright | |
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abroad actual adjustment American amount argument balance-of-payments bargaining benefits businessmen capital Chapter cheap Committee commodity comparative advantage considered consumers consumption cost country's dead loss deficit demand distortion dollar domestic production dumping economic economists effect efficient employment example exchange rates expand fact factors of production fallacy of composition favor fixed exchange rates Foreign Trade free trade free-trade gains from trade gold Gottfried Haberler H. L. Mencken harm HW&M ideal import competition import duties increase international trade Jacob Viner labor less manufacturing ment monetary money supply monopoly national income opportunities output particular percent political practical price system profit protection protectionism protectionist quotas real income reason relatively restrictions revenue Ruritania shrink subsidies sumers Superia supply Suppose tariff cuts theory things tion Trade Agreements Trade Expansion Act Trade Policy United voters wages wheat widgets workers world market