Fairness and the Political Economy of Trade

Authors: Davidson, Carl¹; Matusz, Steve¹; Nelson, Doug²

Source: The World Economy, Volume 29, Number 8, August 2006 , pp. 989-1004(16)

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Abstract:

This paper argues that, as a matter of positive political economy, fairness plays a non-trivial role in the politics of trade policy. Specifically, we first argue that, as a matter of fact, widely held notions of fairness, that are empirically identifiable on the micro level, have macro effects not only in the social and political spheres of life, but even in the economy. Furthermore, as we argue in the second section, these notions systematically constrain public officials in the construction and pursuit of trade policy.

Document Type: Research article

DOI: http://dx.doi.org/10.1111/j.1467-9701.2006.00832.x

Affiliations: 1: Michigan State University and GEP, University of Nottingham, and 2: Tulane University and GEP, University of Nottingham

Publication date: 2006-08-01