Tariffs and the Importance of the Nation State

This chapter discusses the author's disagreement with the classical economists' perspective on tariffs and emphasizes the importance of prioritizing the interests of citizens in international trade. It explores the fallacy of considering only the immediate effects of a tariff and highlights the significance of maintaining a nation's productive capacities. The chapter also examines the concept of division of labor and specialization, drawing comparisons between the individual level and the nation state level.