12min chapter

The Capitalism and Freedom in the Twenty-First Century Podcast cover image

Tariffs and US Trade Policy History with Douglas Irwin (Dartmouth Economics Professor)

The Capitalism and Freedom in the Twenty-First Century Podcast

CHAPTER

Navigating Trade: Lessons from Columbia to the Great Depression

This chapter reflects on the authors' education and experiences in international economics, highlighting their time at Columbia University and the Reagan Council of Economic Advisors. It explores the evolution of U.S. trade policy through three pivotal periods: revenue, restriction, and reciprocity, particularly during the Great Depression. The discussion contrasts the concept of reciprocity in trade negotiations with neoliberal perspectives, providing historical context and analyzing the implications of these policies on U.S. trade relations.

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