Theory of Comparative Advantage

There is no good reason -- regardless of what most economists say -- to assume that free trade is necessarily the best approach. The economic logic of those who say it is is riddled with enough holes to sink a container ship.

You can read about the free trade controversy for months and never hear about it. But in the minds of real economists, it's there all the time, and it's big. I'm talking about the so-called theory of comparative advantage.