Ep. 27 Is Free Trade Good or Bad?

18 March 2016     |     Tom Woods     |     16

Krugman discusses how economists should respond to the growth in sympathy for protectionism. Along the way, his Keynesian assumptions lead him to oddball conclusions. Bob and Tom also spend some time explaining the classical case for free trade and discussing whether that case has been vitiated in light of modern conditions.

Krugman Column

Trade and Tribulation” (March 11, 2016)

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Contra Columns

Krugman Falls into the Keynesian Accounting Trap,” by Bob Murphy
Free Trade and Factor Mobility,” by Bob Murphy
Capital Exports and Free Trade,” by Jörg Guido Hülsmann
The Petition of the Candlemakers,” by Frederic Bastiat

Related Episode

Ep. 26 Trump, China, Trade, and Currency Manipulation: It’s All Here

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