Globalization as Framed by the Two Logics of Trade
By James M. Buchanan, Jr., Yong J. Yoon
Adam Smith and David Ricardo gave different if complementary arguments for free trade and open markets. Unfortunately, although more people would find Smiths case compelling, neoclassical economists usually articulate Ricardos case, resulting in less public support for the open trade policies that economists overwhelmingly support.
|Other Independent Review articles by James M. Buchanan, Jr.|
|Summer 2000||The Soul of Classical Liberalism|