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The Forum > Article Comments > Economic rationalism has little left to offer > Comments

Economic rationalism has little left to offer : Comments

By Andrew Wear, published 6/11/2007

Economic rationalism is looking increasingly irrelevant in Australia.

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You say that "free trade cannot be unilateral" and that "free trade concessions need to be reciprocated."

Yes it can, no they don't.

"When tariff reduction has occurred, it has been by negotiation. We will reduce our tariffs if you will reduce yours. From the economist's point of view, it is rather like my offering to stop hitting myself on the head with a hammer if you agree to stop hitting yourself on the head with a hammer."
- David Friedman.
Posted by ed_online, Tuesday, 20 November 2007 12:01:20 AM
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Well, you can keep hitting yourself on the head with that hammer as long as you like. I'm over it.

I think this Doha round has collapsed, bilateral negotions have been exhausted & so has the topic. Some of the delegates agree that progress has been made & the talks have been worthwhile but that a general agreement is out of the question for the forseeable future.

- Mr Smith
Posted by MrSmith, Wednesday, 21 November 2007 2:53:46 AM
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