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Product details
File Size: 8279 KB
Print Length: 663 pages
Publisher: Oxford University Press (April 2, 2018)
Publication Date: April 2, 2018
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B07BH2V61Q
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Amazon Best Sellers Rank:
#216,528 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
I am an Electrical Engineer, not an Economist. My depth of knowledge ends with “ decreasing marginal utilityâ€. After finishing this book (600+ pages) I understand the Trade issues on the nightly news a little better. I never considered Trade Politics as an interesting subject but was incorrect in that assumption. The author spent a great deal of time explaining and detailing trade history basically beginning with the founding of our country. This is especially interesting if you've read the history of Washington, Jefferson, Adams, Hamilton or any of the Founding Fathers. He then takes us thru the depression with Roosevelt and up to the present with Trump. After reading this book, with the Trade perspective, I now feel like I know "The rest of the Story".
This is a must-read for anyone who wants to understand the moment of history we're living in right now. It's not just about trade and tariffs, but really all of U.S. history, in times of war and peace. It's sweeping, from Adam Smith and Alexander Hamilton through Steve Bannon and Donald Trump. Very interesting with funny anecdotes from history and from the author's own experience as a leader on these issues.
The author does a reasonably thorough job of detailing our countries history of trade. Our early leaders were divided; the south wanted little or no tariffs or duties but the north used tariffs to protect our growing industrial base. Our nation’s history has been formed by a this debate. In the author’s introduction he focuses on Adam Smith’s Wealth of Nations. Published in 1776 Smith’s work extols the virtues of free trade wherein all of society benefits when every producer is free to maximize their own individual economic freedom. The author included in his introduction the four situations Smith offers where government and industry should cooperate in the form of protection: protect an industry needed for national defense, impose a tax on a foreign import when a domestic tax is imposed upon a similar product of the home industry, impose a tariff on foreign imports in response to the competition, and finally trade restrictions should be removed gradually to allow fledgling enterprises to keep pace.What fascinates me is that all four of Adam Smith’s situations to support the public good are used today by president Trump to justify his negotiations with global trading partners for fair trade. The author dislikes Trump and makes no effort to disguise that fact. I suggest the reader reread pages 18 and 19 again before reading the conclusion. Like me, I suspect the reader will easily identify the inconsistency.
The author who is allegedly expert enough to author a book on American Trade Politics, ignores the significant improvement in the US economy since Donald Trump has been President. He is more of a left wing ideologue than an economist . He is very biased against Trump. He criticizes Trump's effort's to reduce the trade deficits the US has with other nations especially China. He also ignores the economic advantages that would accrue to the US if there was control of our southern border. No one criticizes Mexico or any other country which controls who enters their country. But the author who clearly lets his hostility to Trump interfere with economic logic is against adequate border control. He criticizes any effort by Trump to reduce trade deficits with Mexico or other countries which have surpluses in trade with US. Don't waste your money. He ignores the lowest unemployment rates for minorities since statistics have been compiled for these groups and the lowest overall unemployment rate in 40 years. You can hear similar nonsense for free on MSNBC and CNN.
This book reads like a novel but is a well documented history of our nation’s trade policies. Mr. Johnson hasn’t just put facts together he has told a fascinating story. Never dull.
Although an avid reader, this is my first review of a book. I felt compelled, however, to recommend this history of protectionism and free trade policy.It covers the United States from it’s founding to the present day. At the timing of this review, these issues have received considerable headlines. “The Wealth of a Nation†provided me with a framework for understanding the long debated issues of international trade between sovereign nations. The book is readable and my hope is that it reaches a larger audience yearning for effective government within an increasingly connected world.
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