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The moral goodness of free trade. (Economics And Business).(A Globalist Manifesto for Public Policy)
Charles Calomiris, A Globalist Manifesto for Public Policy, Institute of Economic Affairs, 2 Lord North Street, London, SW1P 3LB, England
Lord Macaulay, the great British historian, once observed that "Free trade, one of the greatest blessings which a government can confer on a people, is in almost every country unpopular." American Enterprise Institute visiting scholar Charles Calomiris argues that moral and cultural arguments should be used more often to advance the case for free trade.
In his book Principles of Political Economy, John Stuart Mill argued that trade is a great force for human communication. It places people "in contact with ... modes of thought and action unlike those with which they are familiar. Commerce is now, what war once was, the principal source of this contact."
Calomiris expands on this to argue that nations with an "outward economic orientation" improve people's lives, because this ...
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Source: HighBeam Research, The moral goodness of free trade. (Economics And Business).(A...