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Politics, News & Issues > Political & Economic Theory Critique: The Libertarian free trade argument

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One of the economic arguments in favor of free trade the unrestricted flow of goods, services, and money across national borders has come from libertarian ideology.

Libertarian economists espouse laissez-faire capitalism, where the government only serves to provide a police/legal function, and possibly national defense. Under this theory, any government regulation of trade is wrong on its face, because it introduces government into the private sector. In its extreme form, espoused by Friedrich von Hayek in "The Road to Serfdom", any government intervention into the economy is collec...

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