Smithin, John - In: Review of Keynesian Economics 2 (2014) 4, pp. 456-463
The classical argument for free trade stressed the possibilities of economic growth by exploiting the gains from trade … higher growth rate. Moreover, the arguments for free trade were made against the background of an assumed hard peg (the gold …-for-one increase in the growth rate, and potential regional hegemony for the first mover. To restore balance amongst the trade partners …