≡ Menu

Quotation of the Day…

… is from page 124 of Columbia University economics professor Arvind Panagariya’s excellent forthcoming book, Free Trade and Prosperity; the free-trade critics who Panagariya singles out for this criticism are Ha-Joon Chang and Dani Rodrik:

When it comes to causation, free trade critics have offered absolutely nothing: they have conducted no econometric analysis worth its salt showing that high and rising barriers to trade lead to faster growth.