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.
Today’s podcast is “Who Protects the Consumer?,” volume seven of the ten-part public television series Free To Choose. Various government agencies are created to...
Recorded in 1999, Dr. David B. Audretsch, Director, Ameritech Chair of Economic Development and Director, Institute for Development Strategies, Indiana University, and Professor Ulrich...
If we are to define the role of government in a free society, we must first specify the needs a government is expected to...
