Donald J. Boudreaux – Globalization

Donald J. Boudreaux – Globalization

A 2008 book that greatly aided my work on trade during 2018. Highly recommended. Don hits a broad cross-section of trade issues, and plays both offense and defense with impressive skill. One takeaway that similar books don’t offer as clearly is that tradeoffs really are everywhere. Higher trade barriers might benefit some industries, but at the tradeoffs of consumer harm and slower growth. A lower trade deficit means less foreign investment, and less capital for domestic businesses. Don is relentless in consistently applying the economic way of thinking. An excellent example of rigor, clarity, and principle.

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