Essay about The Choice : A Fable Of Free Trade And Protectionism

1019 Words Oct 26th, 2015 5 Pages
Free-Trade and Protectionisms Free-Trade is the most important part of the economic systems in the world, but it may also cause downfalls in the economy resulting in many job losses, as experienced in the United States. “Protectionism is the trade protection that is the deliberate attempt to limit imports or promote exports by putting up barriers to trade (Milner).” Economist have looked to different protections to counter the negative impacts that are the results from globalization and international trade.
Stylistic Elements and Purpose of the Book In this book, The Choice: A Fable of Free Trade and Protectionism, Professor Russel Roberts, the director of the Business Management Center at the John.M.Olin School of Business at Washington University in St. Louis, Missouri, makes economics easier to understand. Roberts’ writes this book like a story rather than a collection of economic theories that may be boring and sometimes difficult to comprehend. This book is easy for readers to enjoy because Robert’s format of writing this book like a novel keeps the reader engaged in a topic about economics. Roberts’ purpose for the book is to describe how important trade is in any self-sufficient economy. He highlights various advantages and disadvantages that come from free trade and trade protectionism.
Novel Attached with Economic Concepts The story centers around economist, David Ricardo, who visits the fictional president of a television manufacturing company as an angel willing…

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