Call Boomerang Books 1300 36 33 32

Description - The Global Free Trade Error by Ron Baiman

The doctrine of "free trade" is second only to that of "free markets" in undergirding ideological support for our current global economic structures and rules. From David Ricardo's "comparative advantage principle" to James Meade's Neoclassical or mainstream economics proof of self-adjusting free trade equilibrium, the free trade doctrine has had a lasting and destructive hold on Neoclassical economic thinking since its inception.

The Global Free Trade Error provides a detailed analysis of these foundational models and counter-poses these to alternative Neo-Marxist "unequal exchange" models of global trade and finance. In the first part of the book the three core free trade models alluded to above are respectively demonstrated to be: overdetermined, inapplicable, and infeasible. In particular, Ricardo's parable is shown to support managed trade rather than free trade as Ricardo and two centuries of economic texts have claimed. In the second part of the book, unequal exchange analyses of global trade are shown to provide logically coherent and useful insights into global trade and finance. In the third and final part of the book, this unequal exchange perspective is used, within a general "demand and cost" setting, to develop a set of global managed trade principles for a more equitable and sustainable world trade regime.

This book will be of great interest to those who study political economy, history of economic thought, and international trade, including trade agreements and tariffs.

Buy The Global Free Trade Error by Ron Baiman from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9781138852952
ISBN-10: 1138852953
Format: Hardback
(234mm x 156mm x mm)
Pages: 168
Imprint: Routledge
Publisher: Taylor & Francis Ltd
Publish Date: 6-Mar-2017
Country of Publication: United Kingdom

Other Editions - The Global Free Trade Error by Ron Baiman

Book Reviews - The Global Free Trade Error by Ron Baiman

» Have you read this book? We'd like to know what you think about it - write a review about Global Free Trade Error book by Ron Baiman and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Author Biography - Ron Baiman

Ron Baiman teaches economics in the MBA program at Benedictine University, U.S. He has written numerous academic and policy papers, served for many years on the Editorial Board of the Review of Radical Political Economics, and is the author of The Morality of Radical Economics: Ghost Curve Ideology and the Value Neutral Aspect of Neoclassical Economics, and co-author and co-editor of the Choice award winning collection: Political Economy and Contemporary Capitalism.

A Preview for this title is currently not available.