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Economic Theory and Political Reality
This book offers an assessment of the benefits and contemporary relevance of free trade. With contributions from senior policy-makers—ranging from former prime ministers of Australia and the United Kingdom to ambassadors and political figures who have worked on trade negotiations—as well as some of the most prestigious academics in the field of trade, from a Nobel Prize winner to esteemed economic historians, it teaches how important free trade is to prosperity in this day and age. This book brings together the key approaches to free trade in the modern world, including the practical realities of negotiating trade agreements, how we can move towards a system of genuine free trade and the moral case for free trade.
Each chapter in Free Trade in the Twenty-First Century has an eminent expert in the field addressing a specific aspect of modern trade. With a single book, one can gain an understanding of the most important themes, from the impact monetary economics has on trade to the intricacies of free trade agreements. By having chapters written by political figures, trade negotiators and think tank analysts, this book takes trade beyond abstruse economic theory and brings it into political reality so that the reader can understand how we can use trade to create global peace and prosperity.
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Max Rangeley runs an economics think tank founded by a member of Parliament and has served on the boards of other think tanks in London and Brussels. He has given many speeches in the European Parliament and in central banks among other institutions, including moderating the Future of Artificial Intelligence roundtable discussions in the European Parliament and organizing the Blockchain Summit in the European Parliament.
Lord Daniel Hannan was a member of the European Parliament for more than twenty years, then joined the House of Lords. He founded the think tank the Institute for Free Trade and has served on the boards of other think tanks. He has written fourteen books and is regularly featured on news and discussion programs on television in the UK.
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