Series:

The Locke Institute

2 total works

Cover of TRADE PROTECTION IN THE UNITED STATES
Trade policy in the United States since 1930 is rigorously evaluated in this major new book. Using public choice analysis to identify and explain protectionist behavior, Charles K. Rowley, Willem Thorbecke and Richard E. Wagner demonstrate why unilateral free trade cannot be achieved through the normal political process and make a strong case for constitutional reform.

Trade Protection in the United States analyzes the history of US trade policy to explain why interest groups are able to foster protectionist policies despite the advantages which free trade offers consumers. The authors also explain why the principles of managed trade - as epitomized in the institution of the GATT - are inevitably subverted by protectionism. This important book concludes with a vigorous justification of unilateral free trade and makes a convincing case for protecting the freedom to trade through an amendment to the US constitution.

Applying recent developments in constitutional political economy to a key policy issue, this book will be welcomed by economists, political scientists and lawyers as a major statement of the right to trade.

Cover of The Effects of US Budget Deficits on Financial Markets since 1980
How do budget deficits affect the economy? Do tax cuts stimulate growth and raise revenue, making deficits irrelevant or do deficits siphon away saving from production investment and ultimately reduce standards of living? Willem Thorbecke investigates the macroeconomic effects of budget deficits using a narrative methodology and focuses on the US economy since 1980 to illuminate some answers to this vexing question.