Reply To: A historical case for free trade?


Nathan Rosenberg and L.E. Birdsell, How the West Grew Rich (New York: Basic Books, 1986).

Thomas DiLorenzo, How Capitalism Saved America (New York: Crown Forum, 2004).

McCloskey has written quite a bit about the industrial revolution. Here are a few examples:

The cause of economic progress is not merely free trade. Free trade simply allows for an extension of the division of labor, which does raise productivity as people and places are rearranged into their areas of comparative advantage. But the steady improvements of living standards are the result of capital accumulation which requires saving by people and investing by entrepreneurs.