Free Trade: The Great Prosperity Machine

What does trade do?

Tom G. Palmer

Tom G. Palmer is a Senior Fellow at the Cato Institute, director of the Institute’s educational division, Cato University, Executive Vice President for International Programs at Atlas Network, and author of Realizing Freedom: Libertarian Theory, History, and Practice, among other works.

Comparative advantage is the foundation of the division of labor and exchange, but it’s rarely understood. “The Great Prosperity Machine” explodes the absurdities of protectionist dogmas by showing what trade accomplishes—prosperity and peace.