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Lincoln and the paradox of imports and exports in trade
In this essay the author argues the common view that exports are good and imports bad is flawed. He cites Lincoln's blockade as a counterexample to show that imports can empower a nation while exports drain it. He invokes Adam Smith and notes the essay originated with Ball State University economist T Norman Van Cott and the Ludwig von Mises Institute.
MENTIONED IN THIS ARTICLE
Abraham Lincoln
North
Lincoln
Confederacy
Henry George
Adam Smith
T. Norman van Cott
Ball State University
Ludwig von Mises Institute
State of
Illinois