In these heady days of ever increasing globalization it has become
vital to question whether governments should be allowed to protect
domestic enterprises from foreign competitors. This book represents
a first attempt to provide a new conceptual basis for discussing
the cases in which free trade should be the option of choice in
trade policy and those in which protectionism should be used. Luder
Gerken expands the economic tool of ordo-liberalism, founded by
Walter Eucken and developed by Friedrich von Hayek, to make it
applicable to foreign trade. With impressive clarity and ingenuity,
Gerken powerfully argues a scientific case for free trade as a best
practice solution to the demands of globalization
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