Description
Book Synopsis‘Ricardo’s Gauntlet’ advances a critique of the mainstream economic case for international free trade. While the core of the case for free trade is David Ricardo’s principle of comparative advantage, the book argues that this case relies on a cluster of interconnected and mutually enforcing ‘economic fictions’ – economic theories or doctrines that pretend to be fact but which upon examination turn out to be mirages. Exposing the layers of fiction nested in the subfields of mainstream economics empties comparative advantage of its persuasiveness, bringing down the case for free trade.
Table of ContentsAcknowledgements; 1. Introduction: Ricardo’s Gauntlet and the Case for Free Trade; 2. Exploring the Case for Free Trade: Unexpected Twists in a Simple Story; 3. The Tale of International Trade’s Invisible Hand; 4. Clockwork Production and the Origin-Myths of Specialisation; 5. ‘And They Lived Happily Ever After...’: Fictions of Being Better Off and Stories of What ‘Should’ Be; 6. Conclusion by Way of Ideologiekritik: Fiction and Rationalisation; Notes; Bibliography; Index
