Ideas Have Consequences - Turning Free Trade Idea into Reality
In: SKŘIVAN, Aleš, SUPPAN, Arnold. Prague Papers on the History of International Relations. Praha : UK, 2007, pp. 103–112. ISBN 978-80-7308-208-6.
7 Pages Posted: 17 Jun 2014
Date Written: 2007
We provide historical description of the transfer of one particular idea into reality: the insight of economic science about trade relations among nations and its implementation into policy. The record of the free trade story may serve as an illustration of how difficult it is for an idea to make a lasting impact upon the world. Clearly, it is not enough for an idea to be articulated as evidenced from the lack of impact of economic theory showing free trade to be superior to protection. Equally clearly, yet even more surprisingly, it is not enough for an idea to be introduced to general population once. Ideas may (and will likely) not remain a part of general commonplace knowledge unless the population is repeatedly and routinely taught, or reminded of it.
Keywords: Free trade, Economic ideas, Policy change
JEL Classification: N70, B12
Suggested Citation: Suggested Citation