Bill Bernstein is a recovering neurologist who has of late helped co-found Efficient Frontier Advisors and has written several titles on finance and economic history. Although his early formative training in economics was confined to brief stints in the US Postal Service during college Christmas breaks, his two finance books, The Intelligent Asset Allocator and The Four Pillars of Investing, as well as the content on his Website, efficientfrontier.com, have made him uncomfortably popular among the financial press.

Bill is also a big believer in the value of the creative nonfiction process in helping to organize his leisure-time reading. During the past six years, he has written two volumes of economic history, The Birth of Plenty (McGraw-Hill, 2004) and A Splendid Exchange (Atlantic Monthly Press, 2008), the former about the economic growth inflection of the early nineteenth century, and the latter a wide-angle look at the history of world trade. His ultimate life goal is being able to convey a suitcase full of books and a laptop to Provence for six months and call it “work.”

Blog Entries by William Bernstein

Is the GOP Really the Party of Free Trade?

Posted July 2, 2008 | 11:28 AM (EST)


With apologies to Samuel Johnson, in 2008 protectionism has replaced patriotism as the last refuge of the scoundrel.

This is nothing new, of course; the world did not suddenly go flat when Al Gore invented the Internet. Even a cursory examination of trade history reveals the...

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