Journal Article

On the political economy of trade restraints


Abstract: A defense of free trade resting on the argument that although private markets do not function perfectly, allocating resources through the political arena poses a far greater threat to individual freedom and economic performance than do market imperfections.

Keywords: Free trade;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1993

Issue: Apr

Order Number: 2