144: Donald Boudreaux on International Trade, Tariffs and Protectionism

Donald Boudreaux is an American economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University in Fairfax, Virginia.

He is the author of the 2007 and 2012 books Globalization and Hypocrites and Half-Wits, respectively.

He contributes a column twice a month to the Pittsburgh Tribune-Review and contributes to the Cafe Hayek blog.

Economists mentioned in the Episode:

David Ricardo, Adam Smith, John Maynard Keynes, James Buchanan, Russ Roberts, Hecksher-Ohlin, Daniel Ikenson.

In this Episode, you will learn:

• Why we should look at Ricardo’s model of comparative advantage at an individual level rather than at a country level.
• Why Krispy Kreme had to close some of its stores.
• Is French Bourdeaux wine really all French or does the global supply chain have some hidden origins to this grape?
• Does globalisation facilitate material prosperity?
• Is there a race to the bottom?
• Is globalisation facilitating our human needs for increased leisure time?
• Is globalisation good for us?
• Protectionism and what it means for US jobs.
• Will car manufacturing jobs come back to Detroit?
• Are restrictions to trade a contributor to poor economic growth?
• Does trade promote diplomacy and reduce military intervention?
• Did the 1930 Smoot-Hawley tariff on US imports worsen the Great Depression?
• and much more.

People mentioned in this Episode:

• Katharine Graham CEO of The Washington Post in the 1970s.
• Warren Buffett
• H. L. Mencken (journalist 19 – 20th century)

Where to find Donald J. Boudreaux:

• Cafe Hayek
• www.donaldjboudreaux.com

Readings:

• Economic Possibilities for our Grandchildren by John Maynard Keynes (1930)   

Books:

• Hypocrites and Half-Wits: A Daily Dose of Sanity from Cafe Hayek by Donald Boudreaux
• Globalization by Donald Boudreaux
• An Enquiry into the Nature and Causes of the Wealth of Nations by Adam Smith
• Perennial Seller by Ryan Holiday

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