The Choice Russell Roberts Essay Writing

Protectionism gives a creative look at the key international economic issues facing America and American business. It also provides a new perspective on how international trade can affects us, with issues concerning protectionism and free market. Roberts’ uses simplistic terms to tell a story that follows the time-traveling journey of Ed Johnson, and his guardian angel David Ricardo.
Throughout this journey, Dave’s main purpose is to educate Ed about free trade and protectionism just before the time the country is about to embark on a course of total protectionism in the 1960s, by which Ed had a massive influence on. In doing this task it gives Dave the opportunity to change his status as a wanderer in the courts of heaven. On the other hand Ed is resistant to the ideas of trade, especially foreign trade because being the CEO of the Stellar Television Company he is facing immense competition from the lower priced Japanese made televisions. Ed’s main purpose for not supporting free trade is to protect his employees from the negative impacts of a foreign product that can overtake the market.
To show Ed that his resistance to change his views on total protectionism could be the detriment of nearly everyone else; Dave takes him on a journey to the future, back to the past, and through different years to prove Dave’s point of view. Their travels begin by Dave explaining his favor for free trade through the argument of efficiency; which he explains as “the roundabout way to wealth”. When Dave took Ed to the future setting of Stars, Illinois, where his television company operates, he sees multiple changes, particularly a multiplex that took the place of the past building. Then they switch to another setting in Rahway, New Jersey, to show him an example of the “roundabout way” concept. Ed was expecting to see a television company instead they were looking at a pharmaceutical company. Dave then explains that “with the roundabout way of making televisions, you make...

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THE CHOICE: A FABLE OF FREE TRADE AND PROTECTIONISM

The Choice: A Fable of Free Trade and Protectionism



The Choice: A Fable of Free Trade and Protectionism

Introduction

It is refreshing to read book on free trade and protectionism this week, although this topic has been extensively covered in the media. Russell Roberts' book of “The Choice - A Fable of Free Trade and Protectionism” strongly argues that economy will benefit from free trade, whether for a developed nation or for a developing nation, in the light of David Ricardo's theory of comparative advantage. Roberts illustrated how the free trade helps United States become the wealthiest nation in the world and China quadrupled its standard of living between 1980 and 2000 with an imaginative dialog. The Choice”, written by Russ Roberts, tries its best to covey to the intelligent commoner that the jobs and money that a country possesses are not an adequate measurement of wealth. Through this tale, Roberts explains how it would be more profitable for businesses to exist in a world where free trade is prevalent and encouraged rather than to reside in a trade arena where trading amongst countries is frowned upon or discouraged. Roberts also tries to impart into the brains of its reader the idea that specialization of production is yet another key role in the path towards wealth and prosperity. Roberts coins this theory, "Round about way to wealth"(Roberts, 2001).

Discussion

The Choice: A Fable of Free Trade and Protection by Russell Roberts, is a book that deals with various aspects of free trade, international trade and protectionism. Written in the form of a novel and a very simple language, the book helps the readers grasp the complex concepts and issues of free trade and its benefits along with the harms of protectionist policies easily. The novel has brilliantly used a fictional story to make a strong case in favor of free trade and debunk the related myths. Plentiful of examples, help to reinforce the fact that free trade not protectionism is the way to prosperity. Protectionism not only helps to enrich a few people at the expense of many but also acts towards creating a stagnant and innovation-less, growth-less economy and thereby impoverishing people (Roberts, 2001).

When is a book more than a book? Occasionally a book comes along with an idea so powerful, so simple that it threatens to transform the world. Russell Roberts' The Choice: A Fable of Free Trade and Protectionism is more than a book. Roberts offers us a glimpse of a different America, an America free from foreign competition. A poorer America because it shunned trade. This alternative history is particularly relevant today as members of the media and politicians are all too happy to promote the idea that foreign countries like China are stealing our jobs. Trade does not affect the number of jobs, instead it affects the types of jobs. Instead, Roberts shows readers how trade does not affect the number of jobs, instead it affects the types of jobs ...

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