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We are already well down the road toward a managed-trade regime. It would be far better to acknowledge that reality, and seek a set of reasonable rules, than to pretend that Ricardian trade is the norm and allow mercantilist states to overwhelm U.S. industry and ratchet down wages, in the name of free trade.

— Robert Kuttner The Economic Illusion (1984)

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More quotes by Robert Kuttner

When laissez-faire creates instability, the move to a freer market can be something less than pure gain.

The Economic Illusion (1984)

The economic illusion is the belief that social justice is bad for economic growth.

The Economic Illusion (1984)

In practice, a good deal of the outcomes produced by the market reflect nothing more than luck — good or bad.

The Economic Illusion (1984)

Technological advance often thrives in sheltered and subsidized markets, which defy free trade.

The Economic Illusion (1984)

Henry Ford, in a sense, was the first Keynesian. He paid his assembly workers high wages so they could afford to buy his cars.

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Quote text and notes from Wikiquote: Robert Kuttner (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.