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Book Cover
Book
Author McGee, Robert W.

Title A trade policy for free societies : the case against protectionism / Robert W. McGee
Published Westport, Conn. : Quorum Books, 1994

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 MELB  382.71 Mcg/Tpf  AVAILABLE
Description ix, 197 pages ; 25 cm
Contents I. The Philosophy of Protectionism. 1. The Protectionist Mentality. 2. The Trade Deficit Mentality. 3. Arguments for Free Trade -- II. The Cost of Protectionism. 4. Introduction to Protectionism. 5. Monetary Costs. 6. Nonmonetary Costs -- III. Antidumping Policy. 7. Antidumping Policy in the United States: Theory and Practice. 8. Some Examples of Dumping. 9. Harmful Effects of Antidumping Policy. 10. The Philosophy of Antidumping Policy. 11. Concluding Comments: Implications for International Trade in Europe
Summary McGee takes the position that the only proper trade policy is one of total, immediate and unilateral free trade, since such a policy is the only one that is consistent with individual rights. This book is unique in that it (1) does not limit itself to utilitarian arguments, (2) explains why trade deficits are irrelevant, and (3) calls for immediate repeal of the antidumping laws. Part I discusses the philosophy of protectionism and reviews nearly two dozen arguments that projectionists have used to restrict trade. A whole chapter is devoted to exploding the myth that trade deficits are bad. Part II elaborates on the monetary and nonmonetary costs of protectionism. Part III addresses the philosophy and practice of antidumping policy in the United States, and shows why the policy is irrational, destructive and anti-consumer, and concludes that repeal rather than reform is called for
Part IV discusses other issues, such as the policy options for Europe, the effect of competition on prices and efficiency, the stages of economic development and their connection to trade policy, and the irrationality of the United States trade policy toward Eastern Europe
Analysis Foreign trade Control
Bibliography Includes bibliographical references (pages [177]-191) and index
Subject Protectionism.
Dumping (International trade)
Free trade.
LC no. 93042760
ISBN 0899308988 alkaline paper