It was almost exactly 200 years ago that David Ricardo first outlined the principle of comparative advantage that helped lay the groundwork for repealing the corn laws here in Britain, and the free-trading consensus that later emerged.
But free trade is coming under attack around the world - since the Financial Crisis especially, tariffs and protectionism have become the ‘new normal’.
Joining us today is the IEA's Head of Research Dr Jamie Whyte, who reminds us of the basic arguments for free trade and takes a look at where and why free trade is coming under attack.
Finally, he examines why there are so many common misperceptions about free trade - with many people having a false sense that there must always be ‘winners and losers’ in all forms of exchange.
Live with Littlewood – with Ella Whelan, Sam Armstrong, Andrew Lilico and Andy Mayer
First do no harm: Avoidable harm in the health service
Escalation or appeasement: How should the West respond to Russia? | Markets & Morality | Ep.14
The Swift Half with Snowdon ft. Lionel Shriver
What is Levelling up?
Should Britain become a social democracy? Mark Littlewood debates William Clouston
Non-tariff barriers to free trade
Live with Littlewood | Asia-Pacific Special
In Conversation with David Davis MP
The Swift Half with Snowdon ft. Ed West
The Energy Price Cap Explained
Live with Littlewood – Ep 55
Subsidy Control Bill: How to utilise data
Two meanings of dynamic competition
The Swift Half with Snowdon ft. Tom Harwood
Will classical liberalism dominate the next decade? | Markets & Morality
What can we expect from 2022?
Classical liberalism and the geopolitical stand-off with Russia
How well is Brexit going?
Why is the NHS failing us?
Create your
podcast in
minutes
It is Free