The Choice: A Fable of Free Trade and Protectionism - Softcover

Roberts, Russell D.

Softcover

ISBN 10: 0130830089 ISBN 13: 9780130830081

Publisher: Pearson, 1993

Synopsis

A revolutionary treatment of the major topics of international trade including comparative advantage, tariff quotas, dumping, industrial policy, managed trade and the welfare effects of trade on a nations economy.

About this title

Review

"Brilliantly conceived."―Martin Wolf, Financial Times

"Gather around all of you who have been flummoxed by concepts like comparative advantage and purchasing power parity, puzzled about the difference between a tariff and a quota, or confused about which is better―fair trade or free trade. Russell Roberts explains the mysteries of global life in a heartwarming tale you won't soon forget."―Susan Lee, The Wall Street Journal

"Russell Roberts' clever allegory clearly points out the fundamental danger threatening free trade: the favoring of the few at the expense of the many. More importantly, he makes a difficult situation understandable...and enjoyable!"―Fred Smith, CEO, Federal Express

"...Puts the complex...issues surrounding...theemerging global economy into understandable terms. The ending is a surprise, the journey a pleasure. And the payoff for the reader is a broader, more vivid appreciation of trade issues."―Doug Harbrecht, Business Week

From the Back Cover

A novel on the global economy? Russell Roberts breaks all the rules in this provocative and whimsical look at the key international economic issues facing America and American business. The Choice stars the ghost of David Ricardo, a nineteenth-century economist. To get his wings he must persuade the CEO of an American television manufacturing company that imports are good for America, even if they destroy the domestic television industry. Free of economic jargon, The Choice gives the reader a new perspective on how international trade affects business and our daily lives.

The choice explores a wide array of global economic issues from tariffs and quotas to the lives of unemployed workers and their children.

This updated and revised edition of THE CHOICE has new data and new discussions of timely topics including:

• Trade deficits
• Trade with low-wage nations
• Environmental issues
• Labor standards
• Free trade agreements

Edition details

• Publisher: Pearson
• Publication date: 1993
• Language: English
• ISBN 10: 0130830089
• ISBN 13: 9780130830081
• Binding: Paperback
• Edition number: 1
• Number of pages: 128