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Choice A Fable of Free Trade and Protection

ISBN-10: 0131433547
ISBN-13: 9780131433540
Edition: 3rd 2007 (Revised)
List price: $32.80 Buy it from $6.12 Rent it from $16.36
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Description: Written as a novel, the book makes the complex concepts, issues and terminology of international trade understandable for students.nbsp; Professors complain that their students cannot grasp the nature of how some economic tools are used or how they  More...

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Book details

List price: $32.80
Edition: 3rd
Copyright year: 2007
Publisher: Prentice Hall PTR
Publication date: 9/28/2006
Binding: Paperback
Pages: 128
Size: 5.75" wide x 8.75" long x 0.25" tall
Weight: 0.572

Written as a novel, the book makes the complex concepts, issues and terminology of international trade understandable for students.nbsp; Professors complain that their students cannot grasp the nature of how some economic tools are used or how they work in life.nbsp; This novel bridges the gap of concepts with applications by use of a fictional story. nbsp; David Ricardo comes to life to discuss international trade theory and policy with Ed Johnson, a fictional American television manufacturer seeking trade protection from television manufacturers. Their dialogue is a sophisticated, rigorous discussion of virtually every major issue in trade theory and policy. To illustrate the positive and normative effects of international trade and trade policy, Ricardo takes the reader and Ed Johnson into the future to see an America of free trade and an America of complete self-sufficiency. The fictional element brings these topics to life so that students gain the intuition and understanding of how trade changes the lives of people and the industries they work in. The fundamental intuition of how international markets function including general equilibrium effects and policy analysis is provided.

Minutes of the heavenly court : soul of David Ricardo
The challenge of foreign competition
The roundabout way to wealth
Is trade good for America?
Are manufacturing jobs better than service jobs?
Is outsourcing a threat to American prosperity?
Do tariffs protect American jobs?
Tariffs versus quotas
Road trip
The case for protection
Do trade deficits hurt America?
Fair trade versus free trade
Is globalization good for the poor?
Self-sufficiency is the road to poverty
The choice
A final word from David Ricardo
Explanations, sources, and additional reading

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