Kealey and Protectionism: Further Thoughts

While I found Terence Kealey’s case for protectionism underwhelming, it definitely got me thinking.  Here are my further thoughts:

1. Early in his presentation, Kealey claimed that free trade is good for rich countries but bad for poor countries.  Yet later in his presentation, he blamed free trade for the post-1980 plight of non-college workers in the UK and US.  What gives?  He could have argued that free trade improved First World living standards overall, but were still a net negative for...

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Published on August 30, 2021 06:40
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