Discussion Papers
Title: Protectionist Fallacies
Author(s): Bhagwati, Jagdish ; Krishna, Pravin
Academic Year: 2016-2017
Abstract
There are many fallacies that are shared by the Democrats and the Republicans, and repeated
endlessly by even leading journalists in the United States (Journalism schools in the US, it
seems, teach you how to write but not what to write: their ignorance of the economics of what
they write about is generally abysmal. By contrast, the English economic journalists such as
Martin Wolf of Financial Times and Clive Crook formerly Dy Editor of The Economist, and top
German journalists in Die Welt and Die Zeit, for example, are superbly trained, not just in their
craft but also in the discipline of Economics)
Fields: political economy