free trade

BY JOHN SCIANIMANICO David Ricardo, the father of modern-day trade theory, must be rolling in his grave. Ricardo’s doctrine of comparative advantage helps explain how the rise of international trade has benefited countries around the world. Global GDP per capita has exploded, life expectancy has increased, and billions have been lifted out of poverty. In […]

BY ADITI KUMAR Donald Trump declared last week that he “doesn’t mind” starting a trade war with Mexico “when we’re losing $58 billion a year.” Not only is this a gross mischaracterization of our trade relationship, it also suggests a trade policy that will harm U.S. economic and political interests. Clearly, many aspects of U.S. […]