The Reading Room

The Best of the OLL No. 16: Leland Yeager, “The Positive Case for Free Trade” (1954)

This is part of “The Best of the Online Library of Liberty” which is a collection of some of the most important material in the OLL. This essay is by the American economist Leland Yeager who has written on monetary policy and international trade issues. He summarizes the case for free trade very nicely and even argues that the unilateral declaration of free trade by a nation would bring considerable benefits to its consumers.