Download PDF The Choice: A Fable of Free Trade and Protection (3rd Edition)
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The Choice: A Fable of Free Trade and Protection (3rd Edition)
Download PDF The Choice: A Fable of Free Trade and Protection (3rd Edition)
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Product details
Paperback: 132 pages
Publisher: Pearson; 3rd edition (October 8, 2006)
Language: English
ISBN-10: 0131433547
ISBN-13: 978-0131433540
Product Dimensions:
5.9 x 0.4 x 8.9 inches
Shipping Weight: 7.2 ounces (View shipping rates and policies)
Average Customer Review:
3.9 out of 5 stars
45 customer reviews
Amazon Best Sellers Rank:
#55,266 in Books (See Top 100 in Books)
I had to read this book for class. It was the fourth of four books I had to read for the class. I rather quite enjoyed this book. It made 'scary' economic topics like free trade, dumping, trade policy, etc. easy to understand. The examples were simple, but really made the topics understandable. I'm new to the economics/business world, so this was a valuable book to read. I definitely recommend this book and I may use it in my future. I gave it four stars because the book did drag at times, but for the most part, it was great.
Content Summary: This book is a fairly effective defense of Free Trade, and focuses upon a summary of the ideas of David Ricardo. It is set as a imaginary dialogue between Ricardo, and a fictional U.S. television manufacturer. Ricardo is trying to redeem his lost soul (very much modeled after the Jimmy Stewart picture, "It's a Wonderful Life") by defending his ideas about free trade and comparative advantage to the U.S. businessman. The intent is to defeat the idea that tariffs and trade barrier protectionism helps.Analytical Review: For those not highly motivated to read Ricardo's economic classic ("On the Principles of Political Economy and Taxation'), this is a very readable alternative that simplifies his ideas. It presents the free trade arguments in a very accessible format. Many examples are very clear and compelling, others not so much. Whether you with free trade mantra or not, this is a good, clear defense to be read, digested, and reflected upon.
This is a great book if you're trying to understand the big picture of trading. Yes it's fictional but a great way to read about economics and enjoy it. I think everyone learns differently and this is a great way to diverge from what can be dry and boring textbook learning to something more enjoyable. I'll use the book's example and say the best thing to compare it to is "It's a Wonderful Life" only econ style!
This tiny book is an excellent primer for anyone who wanted to know more about Free Market Economics. It does a very good job of explaining tariffs and subsidies and how that affects the market as a whole. The book is written like a story, with one character trying to convince another of something that he shouldn't do (you'll have to read it to find out what). Overall, I think this is a good book for juvenile and adult alike who know very little to nothing about the economics of a free market.
Interesting read. Wished it talked a bit more about how to support those who were unable to adapt to free trade and therefore suffered and turned to protectionism.
I found the book particularly helpful for my Macro class. It stated ideas in a easy way to understand, but connected everything together. Made difficult topics easy
A very readable book. It makes the theoretical, moral, and empirical cases for free trade without using jargon or coming off as an ideological rant. The story is relatable and endearing. Though it isn't an academic text it does a great job of illustrating fairly complex principles.
Explains so well so many important points.
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