Trade Adjustment Assistance and Game Theory

December 15th, 2016 by Kara in Case Studies

  By: Kolbe Murray Free trade gets a bad rap these days in stark contrast to 2001 when President George W. Bush said “Open trade is not just an economic opportunity, it is a moral imperative.” Open or free trade is an ethical issue because it involves the freedom to use property as individuals see fit. Locke first made a case for property rights in “Of Property”. Locke states that working on an object from its natural state infuses property ownership into that object. In simple terms, if Albert in America buys apples from Bob in ...