"What should trade negotiators negotiate about?" Journal of Economic Literature, Vol. 35, No. 1 (Mar., 1997)
“If there were an Economist's Creed, it would surely contain the affirmations 'I understand the Principle of Comparative Advantage' and 'I advocate Free Trade”
"Is Free Trade Passé?", The Journal of Economic Perspectives, Vol. 1, No. 2 (Autumn, 1987)
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Paul Krugman 106
American economist 1953Related quotes
“Trade is simply too important for economic development to be left to free trade economists.”
Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 3, More trade, fewer ideologies, p. 83
Context: The importance of international trade for economic development cannot be overemphasized. But free trade is not the best path to economic development. Trade helps economic development only when the country employs a mixture of protection and open trade, constantly adjusting it according to its changing needs and capabilities. Trade is simply too important for economic development to be left to free trade economists.
"Ricardo's Difficult Idea," in G. Cook (ed.), Freedom and Trade: The Economics and Politics of International Trade, Volume 2 (1998)
Source: The Political Economy of International Relations (1987), Chapter Five, The Politics Of International Trade, p. 228
“Free trade is not a principle; it is an expedient.”
On Import Duties (25 April 1843). Compare: "It is a condition which confronts us, not a theory" (Grover Cleveland, Annual Message, 1887, in reference to the tariff); "Protection is not a principle but an expedient" (below).
1840s
Kenneth Arrow, "Ricardo's Work as Viewed by Later Economists" (1988)
1970s-1980s
Speech at Rochdale (23 November 1864), quoted in John Bright and J. E. Thorold Rogers (eds.), Speeches on Questions of Public Policy by Richard Cobden, M.P. Volume II (London: T. Fisher Unwin, 1908), p. 493.
1860s
Quoted by George Gordon Andrews in Napoleon in Review (1939) http://books.google.com/books?id=hnvRAAAAMAAJ&q="A+cowardly+act+What+do+I+care+about+that+You+may+be+sure+that+I+should+never+fear+to+commit+one+if+it+were+to+my+advantage"&pg=PA8#v=onepage