Category Archives: Trade

Fish Imports, Tariffs and Conservation

Posted on October 17, 2018 by Adam Bailey

A recent paper proposes that, post-Brexit, the UK should lower tariffs on imported fish to benefit consumers.  That may be a good idea, but the effect on fish stocks in the regions of origin should also be considered. The Institute … Continue reading →

Posted in Fisheries, Trade | Tagged , , , , , , , , , | 4 Comments

A Fallacy about Trade

Posted on April 10, 2013 by Adam Bailey

What determines the production quantities and relative prices of internationally-traded goods?  Some textbooks suggest a misleading answer. An old textbook I have on my shelves (Wells 1969 (1)) has a diagram similar to Diagram 1 below, showing the production possibility … Continue reading →

Posted in Trade | Tagged , , | 1 Comment