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I was reading "Economics in one lesson" and in the chapter entitled "who is protected by tariffs?" there was a great case against protectionist tariffs. From what i understood, it goes a something a little like this: The money that is used in creating barriers to imports may indeed...
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[quote user="Jon Irenicus"] Here's Skousen's, and here is Reisman's. There's also this and this by the latter.[/quote] Thanks for the interesting links Jon, A few years ago I actually pointed out to the problems with GDP calculation and comparisons. People first believed I'm...
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[quote user="Jon Irenicus"]Because all GDP is, is a measure of economic activity, specifically consumptive activity. It does not reveal the level of productive activity in the economy. Reisman and Skousen both have articles on this that you can find by just googling them. E.g. even wasteful...