The Choice: A Fable of Free Trade and Protection

by Russell D. Roberts

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A novel on the global economy? Russell Roberts breaks all the rules in this provocative and whimsical look at the key international economic issues facing America and American business. The Choice stars the ghost of David Ricardo, a nineteenth-century economist. To get his wings he must persuade the CEO of an American television manufacturing company that imports are good for America, even if they destroy the domestic television industry. Free of economic jargon, The Choice gives the reader show more a new perspective on how international trade affects business and our daily lives. The choice explores a wide array of global economic issues from tariffs and quotas to the lives of unemployed workers and their children. This updated and revised edition of THE CHOICE has new data and new discussions of timely topics including: *Trade deficits *Trade with low-wage nations *Environmental issues *Labor standards *Free trade agreements show less

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Member Reviews

3 reviews
It won't win any literary awards, but this is a novel way to explain economic concepts (no pun intended). Late British economist David Ricardo guides the protagonist like a Dickensian ghost of economic present and alternate futures. Along the way, their dialogue hits on a variety of topics related to free trade and protectionism: comparative advantage, outsourcing, tariffs and quotas, trade deficits, fair trade, and globalization. It's a quick read, which may help you understand economics better than traditional teaching methods.
The Choice by Russell Roberts is a short parable on the dangers of protectionism as an economic system. Throughout you'll recognize a mix of storytelling frameworks made popular by "It's a Wonderful Life" and "A Christmas Carol"—i.e. being led through alternate timelines to witness the consequences of one's choices.

It's a worthy read even though most of the pro-protectionist crowd—those who would benefit the most from the book's message—aren't even aware of what protectionism is or why it's problematic, and are unlikely to ever check out The Choice.
Revised and updated from the 1993 edition.

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Economics for the layperson
33 works; 9 members

Author Information

7 Works 531 Members

Common Knowledge

Canonical title
The Choice: A Fable of Free Trade and Protection
People/Characters
David Ricardo; Ed Johnson; Frank Bates
Important places
Star, Illinois, USA

Classifications

Genres
Nonfiction, Economics
DDC/MDS
330.122Social sciencesEconomicsEconomicsTheorySystemsCapitalism
LCC
HF1713 .R615Social sciencesCommerceCommerceTariff. Free trade. Protectionism
BISAC

Statistics

Members
184
Popularity
176,047
Reviews
3
Rating
(3.85)
Languages
English
Media
Paper
ISBNs
3