Let me preface this review with a confession: As an advocate of free trade, I love to link the 1930 Smoot-Hawley tariff bill with the Great Depression at every opportunity. More than 80 years after its passage, the bill still evokes negative feelings about protectionism. After reading Douglas Irwin’s Peddling Protectionism: SmootHawley and the Great Depression, I can see I need to curb my enthu...

The decision to abandon protectionism and move to a more open economy is considered one of the most important developments in modern Irish economic history. Drawing on recent work in the field of international political economy, we propose a new explanation for this important policy change based on interest groups’ demands. More specifically, we argue that Irish agriculture’s needs were highly ...

The modeling of trading wars is now an actual and modern problem although the first works on optimization of the custom duties date back to the end of the 19th century. The problem of reducing the number of possible solutions to the conflict and precise identifying of the optimal strategies is important. Applying a mathematical model makes the problem more formal, allows removing political tens...

Depending on the winner of the 1984 presidential election, the author shows what the policies of a Reagan Administration or Mondale Administration would be regarding deficits, tax reform, regulation, antitrust laws, and protectionism.

We analyze the effects of a domestic standard that reduces an externality associated with the consumption of the good targeted by the standard, using a model in which foreign and domestic producers compete in the domestic good market. Producers can reduce expected damage associated with the externality by incurring a cost that varies by source of origin. Despite potential protectionism, the sta...