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Against the Tide
Author: Douglas A. Irwin

ISBN: 9780691058962
Format: Paperback
Number Of Pages: 280
Published: 16 November 1997
Country of Publication: US
Dimensions (cm): 22.9 x 15.2 x 1.5
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 ...

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