Should the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in The Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at...
Douglas A. Irwin is the John Sloan Dickey Third Century Professor in the Social Sciences in the Department of Economics at Dartmouth College. He is a research associate of the NBER.
"Tells the history of American trade policy, showing that trade is neither dull nor deserving of the attacks on it. . . . As Mr Irwin spins this grand narrative, he also debunks trade-policy myths." (Economist)
“This is, without a doubt, the most comprehensive discussion of trade policy since Taussig’s immensely influential Tariff History of the United States. Irwin describes the profound evolution of American trade policy from colonial times to...
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