Against the Tide by Douglas A. Irwin
Look inside with Google Book Preview
Against the Tide
By Douglas A. Irwin

Against the Tide

An Intellectual History of Free Trade

By (author) See other recent books by Douglas A. Irwin
Format: Paperback

Normal Price: $78.00
Your Price: $70.20 AUD, inc. GST
Shipping: $7.95 per order
You Save: $7.80! (10% off normal price)
Plus...earn $3.51 in Boomerang Bucks
Availability: Available Available to Backorder, No Due Date for Supply

Against the Tide by Douglas A. Irwin

Book Awards

  • Runner-up for Choice Magazine Outstanding Reference/Academic Book Award 1996.

Book Description

About two hundred years ago, largely as a result of Adam Smith's Wealth of Nations, free trade achieved an intellectual status unrivaled by any other doctrine in the field of economics. What accounts for the success of free trade against then prevailing mercantilist doctrines? And how well has free trade withstood various theoretical attacks that have challenged it since Adam Smith's time? In this readable intellectual history, Douglas Irwin explains how the idea of free trade has endured against the tide of the abundant criticisms that have been leveled against it from the ancient world and Adam Smith's day to the present. An accessible, nontechnical look at one of the most important concepts in the field of economics, Against the Tide will allow the reader to put the ever new guises of protectionist thinking into the context of the past and discover why the idea of free trade has so successfully prevailed over time. Irwin traces the origins of the free trade doctrine from premercantilist times up to Adam Smith and the classical economists. In lucid and careful terms he shows how Smith's compelling arguments in favor of free trade overthrew mercantilist views that domestic industries should be protected from import competition. Once a presumption about the economic benefits of free trade was established, various objections to free trade arose in the form of major arguments for protectionism, such as those relating to the terms of trade, infant industries, increasing returns, wage distortions, income distribution, unemployment, and strategic trade policy. Discussing the contentious historical controversies surrounding each of these arguments, Irwin reveals the serious analytical and practical weaknesses of each, and in the process shows why free trade remains among the most durable and robust propositions that economics has to offer for the conduct of economic policy.

Buy Against the Tide book by Douglas A. Irwin from Australia's Online Bookstore, Boomerang Books.

Book Details

ISBN: 9780691058962
ISBN-10: 0691058962
Format: Paperback
(229mm x 152mm x 15mm)
Pages: 280
Imprint: Princeton University Press
Publisher: Princeton University Press
Publish Date: 22-Dec-1997
Country of Publication: United States

Other Editions...

Books By Author Douglas A. Irwin

Founding Choices by Douglas A. Irwin Founding Choices, Hardback (February 2011)

The political decisions made by the founding fathers were crucial to the success of the early republic. This title explores these economic choices and their profound influence on American life, westward expansion, and influence abroad.

» View all books by Douglas A. Irwin


UK Kirkus Review » This learned and thought-provoking essay charts the evolution of free trade as idea and policy from ancient antecedents to the formulation of a mature theorization by Adam Smith, and from the views of the classical economists to the Keynesian revolution and beyond. Irwin's message is that, despite its critics over the centuries, free trade has been and remains the basis for the most effective and successful economic policies throughout the world. (Kirkus UK)

» Have you read this book? We'd like to know what you think about it - write a review about Against the Tide book by Douglas A. Irwin and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)

Write a book review

Boomerang Bucks close

For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.

Recent books by Douglas A. Irwin close
Free Trade Under Fire by Douglas A. Irwin
Essays on the Intellectual History of Economics by Douglas A. Irwin
Trade Policy Disaster by Douglas A. Irwin
Founding Choices by Douglas A. Irwin
Peddling Protectionism by Douglas A. Irwin
Founding Choices by Douglas A. Irwin
Genesis of the GATT by Douglas A. Irwin
Genesis of the GATT by Douglas A. Irwin
Political Economy and International Economics by Douglas A. Irwin
Political Economy of Trade Policy by Douglas A. Irwin
» close