Ricardo's Gauntlet

Economic Fiction and the Flawed Case for Free Trade

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Conditions, Government, Public Policy, Business & Finance
Cover of the book Ricardo's Gauntlet by Vishaal Kishore, Anthem Press
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Author: Vishaal Kishore ISBN: 9781783083015
Publisher: Anthem Press Publication: September 1, 2014
Imprint: Anthem Press Language: English
Author: Vishaal Kishore
ISBN: 9781783083015
Publisher: Anthem Press
Publication: September 1, 2014
Imprint: Anthem Press
Language: English

‘Ricardo’s Gauntlet’ advances a critique of the mainstream economic case for international free trade. While the core of the case for free trade is David Ricardo’s principle of comparative advantage, the book argues that this case relies on a cluster of interconnected and mutually enforcing ‘economic fictions’ – economic theories or doctrines that pretend to be fact but which upon examination turn out to be mirages. Exposing the layers of fiction nested in the subfields of mainstream economics empties comparative advantage of its persuasiveness, bringing down the case for free trade.

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‘Ricardo’s Gauntlet’ advances a critique of the mainstream economic case for international free trade. While the core of the case for free trade is David Ricardo’s principle of comparative advantage, the book argues that this case relies on a cluster of interconnected and mutually enforcing ‘economic fictions’ – economic theories or doctrines that pretend to be fact but which upon examination turn out to be mirages. Exposing the layers of fiction nested in the subfields of mainstream economics empties comparative advantage of its persuasiveness, bringing down the case for free trade.

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