Description: An economist who writes a short book in graceful English merits acclaim for that achievement alone. When he adds a sense of history and touches of humor, applause can only grow louder. Jagdish Bhagwati has done considerably more. He has adroitly expounded the arguments for free trade and protection in a form readily comprehensible to noneconomists, and at the same time has referred fellow practitioners to the latest research findings on the process and effects of international trade.... I recommend this model piece of exposition to anyone trying to make sense of the endless arguments over free trade, 'fair' trade, 'managed' trade, and outright protectionism.

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