Decarbonization and security are worthy goals, but it would be a mistake to think that protection and subsidization of domestic manufacturing reduce their cost. Trade restrictions decrease economic efficiency. Creating manufacturing jobs may sound like a benefit, but in advanced countries it...

Markets can deliver growth but need help from government provision of infrastructure, regulation, stabilization, and redistribution. In the 20 years since the 10th anniversary of the Single Market, growth in Europe has remained rela-tively slow. Two deep crises revealed underlying problems and...