Balanced Trade

Balanced Trade : Ending the Unbearable Costs of America's Trade Deficits

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Description

Classical economics assumed that trade always balanced, but often trade is not balanced. For example, some neo-mercantilist trading partners attempt to distort the terms of trade in order to garner economic and political advantages. Balanced Trade examines the economic and political consequences of imbalanced trade and provides a set of policy prescriptions that countries might adopt to balance trade.show more

Product details

  • Hardback | 144 pages
  • 157.48 x 228.6 x 15.24mm | 340.19g
  • Lexington Books
  • Lanham, MD, United States
  • English
  • 19 black & white illustrations, 1 tables, 18 graphs
  • 0739188801
  • 9780739188804
  • 2,092,145

Review quote

Balanced Trade: Ending the Unbearable Costs of America's Trade Deficits addresses the problems caused by this country's unbalanced trade in a straightforward and hard-hitting way. The book describes the significant negative impact of unbalanced trade on the U.S. economy and the many possible steps that can be taken to move the country back to a productive trade regime. -- Ralph Gomory, New York Universityshow more

About Jesse T. Richman

Jesse Richman is associate professor of political science at Old Dominion University. Howard Richman holds a PhD from the University of Pittsburgh and is research associate at the Ideal Taxes Association. Raymond Richman is professor emeritus of public and international affairs at the University of Pittsburgh.show more

Table of contents

Table of Contents Dedication Acknowledgements Introduction Part I - The Problems 1. The Problem of Mercantilism 2. The Problem of Private Savings Flows 3. The Problem of Trade Deficits Part II - The Failures 4. The Failure of the Economists 5. The Failure of the Political System 6. The Failure of the Federal Reserve Part III - The Solutions 7. Reciprocity: Principles for Balanced Trade 8. Methods for Balancing Trade 9. The Scaled Tariff 10. Balanced Trade Economics Notes Referencesshow more