Free trade enjoys an intellectual status unrivalled by any other doctrine in the field of economics. Douglas Irwin explains how free trade achieved this position and has endured against the tide of abundent criticisms and theoretical challenges from Adam Smith's day through to the present. Irwin reveals the serious analytical and practical weaknesses of these criticisms and shows why free trade is among the most durable and robust propositions that economics has to offer for the conduct of economic policy.
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