Description

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Classical economics assumed that trade always balanced, but often trade is not balanced. For example, some neo-mercantilist trading partners attempt to distort the terms of trade in order to garner economic and political advantages. Balanced Trade examines the economic and political consequences of imbalanced trade and provides a set of policy prescriptions that countries might adopt to balance trade.

About the Author

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Jesse Richman is associate professor of political science at Old Dominion University. Howard Richman holds a PhD from the University of Pittsburgh and is research associate at the Ideal Taxes Association. Raymond Richman is professor emeritus of public and international affairs at the University of Pittsburgh.