Arguments For Free Trade
In the history of free trade, two types of arguments have been advanced in favor of allowing purchases from abroad, and free trade in the broader sense.
- One set of arguments for free trade could be classified as "moral" arguments listed below.
- Another set of arguments is essentially economic, that free trade will make society more prosperous. These are mostly technical arguments from the discipline of economics, starting especially with Smith's The Wealth of Nations, which overthrew the mercantile orthodoxy.
Read more about this topic: Free Trade Debate
Famous quotes containing the words arguments, free and/or trade:
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—George Orwell (1903–1950)
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“The glory of the farmer is that, in the division of labors, it is his part to create. All trade rests at last on his primitive activity.”
—Ralph Waldo Emerson (1803–1882)