Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
Let’s begin with a few quotes from Adam Smith to set the context for the following discussion about why free trade matters: “After the division of labour has once thoroughly taken place, it is but a very small part of these [necessaries, conveniencies, and amusements] with which a man’s own labour can supply him. The …
Continue reading “The philosophical underpinnings of free trade and free markets”
There’s so much wrong with the recent trade agreement between the US and the UK that it’s difficult to know where to start. First, it’s not a trade deal as it does not reduce tariffs or set the terms for trade between the two countries; instead, it is an agreement about a potential deal. But …
It’s official. The US is now a rogue nation. It has started a trade war with the whole world. There is no, repeat no, trade war between countries going on in the world. It is between the US and all the other countries it trades with, including its closest allies since the Second World War. …