If free trade is so good, why is protectionism so popular? Part of the answer lies in a simple political principle — interests that are concentrated (those of the producer) are more politically effective than interests that are diffused (those of the consumer). Protection does not create jobs or move goods; rather, it forces us to expend greater effort to get the goods we produce, since they cost more to produce at home than abroad. Hear about the damage protectionism has done and why free markets are so misunderstood.
Join us for Part Two of the conversation between noted economist Friedrich Hayek and the founder of Free To Choose Network, Bob Chitester as...
Originally recorded in 2000, Ronald W. Jones, Xerox Professor Emeritus of Economics at the University of Rochester, and James Gwartney, Director of the Stavros...
Dr. Kenneth J. Arrow, Professor of Economics Emeritus at Stanford University and 1972 Nobel Prize Winner in Economic Science and Professor John B. Taylor,...
