Bonus Quotation of the Day…

by Don Boudreaux on March 12, 2020

in Trade

… is from page 360 of my GMU Econ colleague Larry White’s excellent 2012 volume, The Clash of Economic Ideas (original emphasis):

The logic of embracing free trade unilaterally, that is, no matter what policy any other national government adopts, is well expressed in an adage attributed to the economist Joan Robinson: Even if your trading partner dumps rocks into his harbor to obstruct arriving cargo ships, you do not make yourself better off by dumping rocks into your own harbor.


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