Any manager who tries to create a strategy out of worn-out clichés and unexamined nostrums is dismissed. Yet in the United States and other Western countries we have grown comfortable with the government following outworn nostrums about free trade. We have elevated the economic theory of free trade to the status of a national theology, […]
JC John M. Culbertson is professor of economics at the University of Wisconsin in Madison. He has been an economist with the Board of Governors of the Federal Reserve System and a consultant to the Federal Reserve Bank of St. Louis. He is the author of six books, including International Trade and The Future of the West (21st Century Press, 1984).
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