[308] in libertarians
Laissez Faire Book News: A TRADE POLICY FOR FREE SOCIETIES
daemon@ATHENA.MIT.EDU (Chris Whitten)
Thu Oct 13 10:17:55 1994
Date: Thu, 13 Oct 1994 10:11:40 -0400 (EDT)
From: Chris Whitten <lfb@panix.com>
Apparently-To: <libertarians@mit.edu>
200 autographed copies!
Convincing evidence that American trade restrictions
devastate Americans
A TRADE POLICY FOR FREE SOCIETIES
The Case Against Protectionism
by Robert W. McGee
(reviewed by Jim Powell)
During the past decade, the United States has increasingly
restricted its borders in the name of protecting jobs, saving
vital industries and promoting fairness. But Seton Hall
University economics professor McGee confirms that all the claims
are hogwash.
While U.S. officials point their finger at foreigners like
the Japanese, McGee shows the primary victims of American trade
restrictions are Americans. He shows how American trade
restrictions destroy American jobs. He reports the latest
estimates on how much American trade restrictions cost American
consumers, especially those who can least afford to be ripped off
by government. He talks about protected product categories which
involve the worst consumer ripoffs--automobiles, steel, textiles,
dairy products, sugar, peanuts and tobacco.
McGee focuses on the world's fastest-growing and in some
ways most insidious trade restrictions, namely antidumping laws.
They enable politically-connected U.S. companies to prevent
American consumers from doing business with specific foreign
competitors. Since antidumping laws are applied via obscure
administrative proceedings rather than Congressional legislation,
they operate by stealth, out of sight from the American people.
McGee cites actual cases to show why antidumping laws are
arbitrary, capricious and blatantly unethical.
McGee bolsters the case that people who gain the most from
free trade are those who open their own markets. He makes clear
that Americans will gain far more than anyone else--even Japanese
automakers and electronics producers--by opening the American
market. Accordingly, he recommends a compelling agenda for
unilateral free trade. Worthwhile contribution to the literature.
Book No. PY6130 (hardcover) 197p. $55.00
LAISSEZ FAIRE PRICE ONLY $17.95
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Thank you,
Chris
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Chris Whitten lfb@panix.com
Laissez Faire Books 1-800-326-0996
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