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| Author: | Karstensson, L. |
| Title: | The Merchant and Mr. Reagan: The Case of a Half- Classical Trade Policy |
| Journal: | American Journal of Economics and Sociology
2003 : JUL, VOL. 62:3, p. 567-582 |
| Index terms: | ECONOMICS ECONOMIC POLICY USA TRADE POLICY |
| Language: | eng |
| Abstract: | Ronald Reagan's inclination to celebrate capitalism, the free market, free enterprise, and laissez faire is well known, perhaps legendary. His rhetoric was often in this vein. During his presidency he even recommended reading in this genre. The rhetoric of classical liberalism was, indeed, a prominent feature of Reaganomics. This paper brings to note for the historical record a facet of Reaganomics with a mercantilist hue. In particular, it is an examination of President Ronald Reagan's 1985 speech, "U.S. Trade Policy: Free and Fair Trade," President Reagan's major statement on trade policy. The address is shown to have been largely a retaliatory mer cantilist tract. |
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