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.
Recorded in 1994, Dennis McCuistion, former Clinical Professor of Corporate Governance and Executive Director of the Institute for Excellence in Corporate Governance at the...
Why is economic education constantly pushed aside? William R. Allen is intent on improving its quality and believes journalists, politicians, and most teachers don't...
Today’s podcast is the 1990s discussion segment from “The Power of the Market,” part of an update to volume one of the ten-part public...
