The Nation As A Whole Gains, But...

Dani Rodrik has a great post discussing Robert Driskill's excellent new paper, Deconstructing the Argument for Free Trade. Among many other things, Driskill asks a fundamental question that applies to both trade and immigration:

What does it mean for a change in economic circumstances to be "good for the nation as a whole", even when some members of that nation are hurt by the change?

The textbook economic model proves that...more>>