View source for Economics: Science, Craft, or Snake Oil?/Free Trade

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[[Category:Dani Rodrik ]]
[[Category:Globalization, Free Trade and Economic Freedom]]
[[Category:Assuming Theory Applies To A Real World Example]]
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| text = Now let the reporter go undercover as a student in the professor’s advanced graduate seminar on international trade theory. Let him pose the same question: Is free trade good? I doubt that the answer will come as quickly and be as succinct this time around. In fact, the professor is likely to be stymied by the question. “What do you mean by ‘good?’” he will ask. “And good for whom?”  The professor would then launch into a long and tortured exegesis that will ultimately culminate in a heavily hedged statement: “So if the long list of conditions I have just described are satisfied, and assuming we can tax the beneficiaries to compensate the losers, freer trade has the potential to increase everyone’s well-being.” If he were in an expansive mood, the professor might add that the effect of free trade on an economy’s growth rate is not clear, either, and depends on an altogether different set of requirements.
| cite = [[Dani Rodrik ]], "{{Link |Economics: Science, Craft, or Snake Oil?}}"
}}