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An Open Letter to a U.S. Trade Official
Posted By Don Boudreaux On May 2, 2013 @ 11:47 am In Crony Capitalism,Myths and Fallacies,Seen and Unseen,Trade | Comments Disabled
Mr. Francisco Sánchez
U.S. Under Secretary of Commerce for International Trade
Dear Mr. Sánchez:
In your press release yesterday you mention only one benefit of more open international trade – namely, more American exports (“Statement from U.S. Under Secretary of Commerce for International Trade Francisco Sánchez on World Trade Month 2013 ,” May 1).
With all due respect, although you were appointed by a president who boasts of his commitment to policies based on scientific consensus and unsullied by political pandering, your press release reads as if you are entirely innocent of the economic analysis of trade as you pander to popular prejudices against international commerce. Here are two instances of the many ways in which your press release offends basic economics.
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URLs in this post:
 Statement from U.S. Under Secretary of Commerce for International Trade Francisco Sánchez on World Trade Month 2013: http://www.ita.doc.gov/press/press-releases/2013/statement-from-us-under-secretary-of-commerce-for-international-trade-francisco-sanchez-on-world-trade-month-2013-050113.asp
 the principle of comparative advantage: http://www.econlib.org/library/Enc/ComparativeAdvantage.html
 at least 1817: http://www.econlib.org/library/Ricardo/ricP.html
 Ricardo’s Difficult Idea: http://web.mit.edu/krugman/www/ricardo.htm
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