• We are already well down the road toward a managed-trade regime. It would be far better to acknowledge that reality, and seek a set of reasonable rules, than to pretend that Ricardian trade is the norm and allow mercantilist states to overwhelm U.S. industry and ratchet down wages, in the name of free trade.

    Robert Kuttner (1987). “The Economic Illusion: False Choices Between Prosperity and Social Justice”, p.124, University of Pennsylvania Press
Cite this Page: Citation