Trade Theories and Realities: Why Economists Should Study Fairness

Trade Theories and Realities: Why Economists Should Study Fairness Theories in economics are both positive and negative for the general public. There are many current debates on whether one motion of economics is more beneficial to people than another. Such issues as Free trade can suggest an abomination or a godsend to social and economic order. Opponents to free trade argue that there is a no win situation for the countries that do not dominate …

…and service. There are two sides to every story. Free trade and its pros and cons can be fair for some and unfair for others. Theses arguments suggest that there is no answer to economic fairness. At face value, all policies can have their followers. However, it is the individual that will determine what gives him or her comfort in life. Economist should take fairness into account across all borders and not just their own.