2016-01: Protectionist Fallacies

by Jagdish Bhagwati and Pravin Krishna

There are many fallacies that are shared by the Democrats and the Republicans, and repeated endlessly by even leading journalists in the United States (Journalism schools in the US, it seems, teach you how to write but not what to write: their ignorance of the economics of what they write about is generally abysmal.  By contrast, the English economic journalists such as Martin Wolf of Financial Times and Clive Crook formerly Dy Editor of The Economist, and top  German journalists in Die Welt and Die Zeit, for example, are superbly trained, not just in their craft but also in the discipline of Economics).

This paper, with cmments prepared for the September 2016 conference "Trade Issues Today,"  examines these fallacies.

application/pdf icon Download this Working Paper: 2016-01-workingpaper-protectionist_fallacies_-_oct_25_2016.pdf

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