Volume 10, No. 2 (Summer 2007)
This book provides the basis for some anti-free trade arguments. For instance, Paul Craig Roberts asserts that Gomory and Baumol “explode the free trade assumption that free trade always produces mutual gains” (Roberts), and that the book will help economists “catch up with their discipline” (Roberts). In a presentation at the 2004 Austrian Scholars Conference, Roberts emphasized how the Gomory and Baumol book has influenced his views. According to Roberts, he would have defended the classic case for free trade before being confronted with Gomory and Baumol’s work (Roberts). Roberts also challenged his audience to study this book. This review takes up that challenge.
