About me - Eric Balkan

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Featured article by Eric Balkan

Politics, News & Issues > Political & Economic Theory Free Trade: Ricardo's theory of Comparative Advantage

The Free Trade Debate (Part I) Free trade an economic model that advocates the unrestricted movement of money, goods, and services among countries - has been debated for some 200 years. I'll tell you upfront I don't think much of the idea - but I'll see if I can present the pros and cons well enough that readers will be able to make up their own minds. Economic policies, as well as a lot of other decisions, can be made using either deductive or inductive methods. With deductive methods, you start with core beliefs - presumptions - and then logically deduce your conclusions. Because your be...

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