"Brilliantly conceived."Martin Wolf, Financial Times
"Gather around all of you who have been flummoxed by concepts like comparative advantage and purchasing power parity, puzzled about the difference between a tariff and a quota, or confused about which is betterfair trade or free trade. Russell Roberts explains the mysteries of global life in a heartwarming tale you won't soon forget."Susan Lee, The Wall Street Journal
"Russell Roberts' clever allegory clearly points out the fundamental danger threatening free trade: the favoring of the few at the expense of the many. More importantly, he makes a difficult situation understandable
and enjoyable!"Fred Smith, CEO, Federal Express
Puts the complex
theemerging global economy into understandable terms. The ending is a surprise, the journey a pleasure. And the payoff for the reader is a broader, more vivid appreciation of trade issues."Doug Harbrecht, Business Week
From the Publisher
David Ricardo comes to life to discuss international trade theory and policy with Ed Johnson, a fictional American television manufacturer seeking protection from Japanese televisions. Their dialogue is a sophisticated, rigorous discussion of virtually every major issue in trade theory and policy. To illustrate the positive and normative effects of international trade and trade policy, Ricardo takes the reader and Ed Johnson into the future to see an America of free-trade and an America of complete self- sufficiency. The fictional element brings these topics to life so that students gain the intuition and understanding of how trade changes the lives of people and the industries they work in. The fundamental intuition of how international markets function including general equilibrium effects and policy analysis is provided.
--This text refers to an out of print or unavailable edition of this title.