The Choice: A Fable of Free Trade and Protection / Edition 3

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Overview

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.

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Product Details

  • ISBN-13: 9780131433540
  • Publisher: Prentice Hall
  • Publication date: 3/15/2005
  • Edition description: REV
  • Edition number: 3
  • Pages: 128
  • Sales rank: 80,185
  • Product dimensions: 6.00 (w) x 8.80 (h) x 0.40 (d)

Table of Contents

CHAPTER 1 Minutes of the Heavenly Court: Soul of David Ricardo

CHAPTER 2 The Challenge of Foreign Competition

CHAPTER 3 The Roundabout Way to Wealth

CHAPTER 4 Is Trade Good for America?

CHAPTER 5 Are Manufacturing Jobs Better Than Service Jobs?

CHAPTER 6 Is Outsourcing a Threat to American Prosperity?

CHAPTER 7 Do Tariffs Protect American Jobs?

CHAPTER 8 Tariffs versus Quotas

CHAPTER 9 Road Trip

CHAPTER 10 The Case for Protection

CHAPTER 11 Do Trade Deficits Hurt America?

CHAPTER 12 Fair Trade versus Free Trade

CHAPTER 13 Is Globalization Good for the Poor?

CHAPTER 14 Self-Sufficiency Is the Road to Poverty

CHAPTER 15 The Choice

CHAPTER 16 A Final Word from David Ricardo

CHAPTER 17 Explanations, Sources, and Further Reading

About the Author

Index

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Customer Reviews

Average Rating 4.5
( 14 )
Rating Distribution

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(11)

4 Star

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2 Star

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Sort by: Showing all of 14 Customer Reviews
  • Posted January 25, 2013

    BEST MONEY ever spent for a BOOK! HIGHLY, HIGHLY RECOMMENDED!

    This is the best book ever written about the topic of international trade. The author Russell Roberts is one of the most intelligent men on Earth, he is one of the worlds' most foremost experts in regard to international law, economics, business measures! He explains many complex, interesting topics, in a straight forward, clear, easy to read book, with clear ideas, easy to understand chapters! This book is very, very good! Highly recommend to anyone, any age group, anyone interested in reading a high quality book, buy Russell Roberts! The best money I ever spent for a book! Highly recommed you buy and/or read.

    7 out of 7 people found this review helpful.

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  • Anonymous

    Posted February 16, 2004

    Economic Solace

    This is a wonderful story for all in need of a little economic solace. Russ Roberts (who is wonderful in person) illustrates a world of free trade in a charismatic fictional story. Reminiscent of It's A Wonderful Life, the 'angle' David Ricardo teaches an american tv manufacturer why free trade is so important even if it does destroy his business, so convincing is Roberts that I teared up on occasion and bought a copy for everyone I knew. The Choice is a book too compelling for anyone with any kind of education not to believe in the power of the Market.

    7 out of 7 people found this review helpful.

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  • Anonymous

    Posted March 6, 2013

    God bless Russell Roberts (author) for producing this book.

    Like Heaven on Earth reading this book.

    6 out of 7 people found this review helpful.

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  • Anonymous

    Posted January 25, 2013

    SUPER SUPER BOOK!

    Loved reading this book, learned a lot about international trade, how I get all the products in my store! Highly recommended to anyone who wants to learn, be entertained, inspired! VERY WELL WRITTEN, this author is very talented. Higly recommend you buy, read this book, you will not be disappointed, I loved it!

    6 out of 6 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted February 13, 2013

    Superb book.

    Great book. Best book I have read in years! Excellent researched, clear laid out ideas-concepts in understandable manner, good writing, insightful, very good book.

    5 out of 7 people found this review helpful.

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  • Posted February 9, 2013

    Thoughtful reading.

    Russell Roberts, writes about free trade. Wisdom of the ages, presented in an agreeable manner pertinent to the twentieth-century life. Superb book, pure gold, best book I have ever read about topic of trade, highly recommended.

    5 out of 7 people found this review helpful.

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  • Anonymous

    Posted February 6, 2013

    A MUST BUY!

    Great business book, a must buy, very well written. Russell Roberts is the best Economics writer on planet Earth.

    4 out of 7 people found this review helpful.

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  • Anonymous

    Posted January 27, 2013

    VERY WELL WRITTEN.

    The issues surrounding the the topic of globalization and/or free trade are explored in this book The Choice by Russell Roberts. Anyone who wants to understand free markets, economics, read Russell Roberts. Very well written. GREAT BOOK.

    4 out of 7 people found this review helpful.

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  • Anonymous

    Posted March 6, 2013

    ***MONEY**** A MUST READ FOR ANYONE WITH A DOLLAR IN THEIR POCKET! GREAT BOOK!

    SUPERB

    3 out of 6 people found this review helpful.

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  • Anonymous

    Posted August 22, 2004

    A fantasy with real life consequences

    Prof. Roberts is a first in class purveyor of Economics as Propaganda. Or as John Maynard Keynes said: ¿Defense of free trade theory is, I submit, the result of pure intellectual error, due to a complete misunderstanding of the theory of equilibrium in international trade.¿ The book would be laughable except that the real life consequences of losing manufacturing jobs has been the gutting of the middle class--stagnant incomes for 80% of American families with the cumulative result being one-eight households filing bankruptcy since 1980. Prof. Roberts leading economic expert is David Ricardo, a wealthy stockbroker who died in 1823 when international trade consisted of agricultural goods and crude manufacturing transported by sailing ships and paid for with precious metals. David Ricardo¿s abstract theory of comparative advantage has about relevancy to the 21st century as his theory on the ¿Corn Laws¿ and the ¿Natural Price of Labor¿ has to our modern production wages.

    1 out of 7 people found this review helpful.

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  • Posted March 8, 2013

    READ THIS BOOK ____ IT WAS AWESOME. I THINK IT IS REQUIRED READ

    READ THIS BOOK ____ IT WAS AWESOME. I THINK IT IS REQUIRED READING FOR MBA programs, THERE IS A REASON WHY -- IT IS AWESOME!

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted January 29, 2012

    No text was provided for this review.

  • Anonymous

    Posted June 16, 2013

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  • Anonymous

    Posted December 14, 2012

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