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This volume addresses what the author calls the three subtle but sensible principles of international trade policy. The author argues that a tax on imports commensurately creates a tax on exports, and that trade imbalances reflect capital flows between countries.

Although not commonly recognized as such, economic logic tells us and experience demonstrates that a tax on imports commensurately creates a tax on exports; that consumers comprise not only households, but businesses, that trade imbalances reflect capital flows between countries. This volume succinctly addresses what the author calls the three subtle but sensible principles of international trade policy.

Douglas A. Irwin

Douglas A. Irwin is professor of economics at Dartmouth College and a Research Associate at the National Bureau of Economic Research. He is author of Free Trade Under Fire (Princeton University Press, 2002) and Against the Tide: An Intellectual History of Free Trade (Princeton, 1996).

Douglas A. Irwin is the Henry Wendt Scholar in Political Economy at AEI.

Личен сайт: http://www.dartmouth.edu/~dirwin/