Title: The Choice Pdf A Fable of Free Trade and Protection (3rd Edition)
Author: Russell D. Roberts
Published Date: 2007
Page: 132
Written as a novel, the book makes the complex concepts, issues and terminology of international trade understandable for students. Professors complain that their students cannot grasp the nature of how some economic tools are used or how they work in life. This novel bridges the gap of concepts with applications by use of a fictional story.
David Ricardo comes to life to discuss international trade theory and policy with Ed Johnson, a fictional American television manufacturer seeking trade protection from television manufacturers. Their dialogue is a sophisticated, rigorous discussion of virtually every major issue in trade theory and policy. To illustrate the positive and normative effects of international trade and trade policy, Ricardo takes the reader and Ed Johnson into the future to see an America of free trade and an America of complete self-sufficiency. The fictional element brings these topics to life so that students gain the intuition and understanding of how trade changes the lives of people and the industries they work in. The fundamental intuition of how international markets function including general equilibrium effects and policy analysis is provided.
fun reading! This is a great book if you're trying to understand the big picture of trading. Yes it's fictional but a great way to read about economics and enjoy it. I think everyone learns differently and this is a great way to diverge from what can be dry and boring textbook learning to something more enjoyable. I'll use the book's example and say the best thing to compare it to is "It's a Wonderful Life" only econ style!Very relevant in this day and age Interesting read. Wished it talked a bit more about how to support those who were unable to adapt to free trade and therefore suffered and turned to protectionism.Great book that clearly explained 'scary' economic topics I had to read this book for class. It was the fourth of four books I had to read for the class. I rather quite enjoyed this book. It made 'scary' economic topics like free trade, dumping, trade policy, etc. easy to understand. The examples were simple, but really made the topics understandable. I'm new to the economics/business world, so this was a valuable book to read. I definitely recommend this book and I may use it in my future. I gave it four stars because the book did drag at times, but for the most part, it was great.
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