Economics
International Trade
As regular readers know, I have been compiling the essays in my “Economic Perspectives” series with a view to publishing the collection as a single work, which should come to fruition in a month or [more…]
Protectionism
Economics
The Protectionists Have No Theory
President Trump’s tariff blitz has shocked and alienated almost all students of economic science, but he seems to have a loyal following of support among the electorate. Students of economic science have a rich history [more…]
Economics
“Back to Basics” – International Trade
Trade Surpluses and Deficits Any country’s trade balance is the difference between the totals of its exports and imports respectively, as measured in its own currency. To the extent that its exports exceed its imports, [more…]
18th Century
Are the aims of nationalism and protectionism the same?
The ideology of “nationalism” is characterised by the unstinting promotion of a particular nation’s interests, possibly regardless of detriment caused to the interests of other nations. Nationalism may therefore be considered a form of patriotism, [more…]