Last edited by thediplomat2.0; Aug 10 2012 at 03:37 PM.
The New Age Politician: Representing the greatest number of ideologies, constituents, and solutions.
I'll second that!
Would the economy be better-off if we placed protectionist trade policies on every state? Every town? How far do you go?
If "government" was relabeled as "McDonald's," would you still support its theft, fraud, and constant murders?
"We shall not grow wiser before we learn that much that we have done was very foolish."
Friedrich August von Hayek
"Every bad idea in the history of the universe seemed like a good idea at some point in time."
Basic error! Trade theory cannot use the usual economic tools used in microeconomics. For example, we have to factor in heterogeneity in public good delivery. We also have to factor in the international political economy approaches (see, for example, the incompatibility between the liberal school and historical structuralismExactly. If trade between companies in China and the US is harmful, then so is trade between companies in California and New York.