Like many economists, I cringe whenever I hear the term “fair trade.” It is not that I am against fairness — who is? — but the word “fair” is so amorphous in this context as to defy definition. Most often, the slogan “fair trade” is little more than a rallying cry for protectionism.
Saturday, February 7, 2009
I Couldn't Agree More
I also am sick of the term "fair-trade".
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