CPEG’s Ron Baiman has just released a new book:
The Global Free Trade Error
The Infeasibility of Ricardo’s Comparative Advantage Theory
Ron Baiman – Routledge
The doctrine of “free trade” is second only to that of “free markets” in undergirding ideological support for our current global economic structures and rules. From David Ricardo’s “comparative advantage principle” to James Meade’s Neoclassical or mainstream economics proof of self-adjusting free trade equilibrium, the free trade doctrine has had a lasting and destructive hold on Neoclassical economic thinking since its inception.