Bonus Quotation of the Day…

by Don Boudreaux on April 17, 2018

in Crony Capitalism, Trade

… is from page 261 of 2014 Economics Nobel laureate Jean Tirole’s 2017 book, Economics for the Common Good:

Protectionism takes away the benefits of international specialization, and it removes the stimulus of competition, which pushes companies to improve themselves rather than profit from captive consumers.


Add a Comment    Share Share    Print    Email

Previous post:

Next post: