View source for Rescuing Economics from Neoliberalism/free trade

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[[Category:Dani Rodrik]]
[[Category:Common Fallacies Of Economics]]
[[Category:Mercantilism And Industrial Policy Works]]
[[Category:Refutation of Dogmas by Empirical Economics]]
[[Category:Economics 101]]
[[Category:Parables]]
[[Category:Globalization, Free Trade and Economic Freedom]]
{{Quote
| text = A journalist calls an economics professor for his view on whether free trade is a good idea. The professor responds enthusiastically in the affirmative. The journalist then goes undercover as a student in the professor's advanced graduate seminar on international trade. He poses the same question: Is free trade good? This time the professor is stymied. "What do you mean by 'good?'" he responds. "And good for whom?" The professor then launches into an extensive 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 is in an expansive mood, the professor might add that the effect of free trade on an economy's long-term growth rate is not clear either and would depend on an altogether different set of requirements.
| cite = [[Dani Rodrik]], "{{Link |Rescuing Economics from Neoliberalism}}"
}}