Online:
Visits:
Stories:
Profile image
By Cafe Hayek (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Earned Success, by All Means

Saturday, February 11, 2017 8:25
% of readers think this story is Fact. Add your two cents.

(Before It's News)

(Don Boudreaux)

Tweet

Here’s a letter to National Review:

Michael Barone argues that the case for free trade is weaker than ECON 101 teaches (“Free Trade’s Effect on ‘Earned Success,’” Feb. 10).  We’re told that the reason ECON 101 fails on this front is that it allegedly ignores the important fact that, when people lose jobs to imports, they lose the satisfaction they get from “earned success.”

I here overlook the errors lurking in Mr. Barone’s image of ECON 101 and instead ask: what kind of “earned success” do workers experience from holding jobs that exist only as a result of protectionism?

If – as this talk of “earned success” implies – success yields satisfaction only when it is earned, then workers whose jobs exist because of protectionism can enjoy no such satisfaction, for success that exists only because of protectionism isn’t earned, it’s stolen.  Therefore, to ensure that as many workers as possible enjoy as much satisfaction as possible from a sense of success that is truly earned, ECON 101’s case for free trade should be implemented without qualification or delay.

Sincerely,
Donald J. Boudreaux
Professor of Economics
and
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA  22030

(I thank Matěj Šuster for the pointer to Barone’s article.)



Source: http://cafehayek.com/2017/02/earned-success-by-all-means.html

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.