Synopses & Reviews
Free Trade Reimagined begins with a sustained criticism of the heart of the emerging world economy, the theory and practice of free trade. Roberto Mangabeira Unger does not, however, defend protectionism against free trade. Instead, he attacks and revises the terms on which the traditional debate between free traders and protectionists has been joined.
Unger's intervention in this major contemporary debate serves as a point of departure for a proposal to rethink the basic ideas with which we explain economic activity. He suggests, by example as well as by theory, a way of understanding contemporary economies that is both more realistic and more revealing of hidden possibilities for transformation than are the established forms of economics.
One message of the book is that we need not choose between accepting and rejecting globalization; we can have a different globalization. Traditional free trade doctrine rests on shaky empirical and theoretical ground. Unger takes a new approach to show when international trade is likely to be useful or harmful to the socially inclusive economic growth that every nation wants. Another message is that the movement of people and ideas is more important than the movement of things and money, and that freedom to change the institutions defining a market economy is just as important as freedom to exchange goods on the basis of those institutions.
Free Trade Reimagined ranges broadly within and outside economics. Presenting technical issues in plain language, it appeals to the general reader. It puts a disciplined imagination in the service of rebellion against the dictatorship of no alternatives that characterizes life and thought today.
Review
"Roberto Mangabeira Unger is a restless visionary."
--William Connolly, New York Times
Review
"Overall, the book is an exceptional contribution, providing an original and innovative perspective to the rethinking of globalization and free trade. The simplicity of the approach chosen for the analysis, which discusses technical issues in plain language, the diversity, and the breadth of new ideas so clearly exposed, are undoubtedly the book's primary strength. . . . To sum up, I think the main audience for Unger's book will be academic researchers, students, or policymakers in search of new ideas about the concept of free trade, or anyone interested in the subject of globalization and international trade from a unique perspective."
--Natalie Chen, Journal of Regional Science
Review
"[T]he book . . . is replete with new ideas and challenging propositions. Many of them are well taken, and may some day be incorporated in accepted economic theory."
--Mordechai E. Kreinin, World Trade Review
Review
"Unger's book deepens and broadens the debate on free trade and is therefore well worth the attention of academic economists and policymakers."
--Amitava Dutt, Economic and Political Weekly
Review
"[Unger's] argument [is] that we can at once deepen democracy, enhance social security, and foster economic innovation and growth. . . . The scale and scope of the proposals are breathtaking, encompassing the entirety of human society, from the individual to global institutions."
--Daniel Aldana Cohen, Walrus Magazine
Synopsis
"Few minds are as fertile as Roberto Mangabeira Unger's. In this extraordinary book, Unger turns his attention to an area that is in much need of creative thinking and breathes some fresh air on the stale academic debates surrounding free trade."--Dani Rodrik, Harvard University, author of One Economics, Many Recipes
"Unger has written an incisive and compelling critique of free trade. The core of the argument-which seems to me historically incontrovertible--is that a nation's comparative advantage is always constructed by collaboration between public authorities and private interests. The essay hammers this point home with the relentless brilliance for which the author is known. A clear and worthy challenge both to those who are sure the doctrine of free trade is right and those who are confident that is fundamentally flawed."--Charles Sabel, Columbia Law School
"This book aims to provide a critical assessment of the present theoretical and practical consensus in favor of the orthodox conception of free trade and to outline the elements of a realizable alternative. Unger reveals a remarkable breadth of understanding of the field, boring into it with his inimitable and potent vision. This is a book of enormous intellectual and worldly interest."--Sanjay Reddy, Columbia University
"As one would expect from Unger, the book is brilliantly written and his central theses are persuasively and passionately argued. It is readily accessible and will command a wide audience and generate significant and constructive public debate and controversy."--Michael Trebilcock, University of Toronto
About the Author
Roberto Mangabeira Unger is Brazil's Minister of Long-Term Planning. He is widely regarded as one of the leading theorists of society in the world. His two most recent books--"What Should the Left Propose?" and "The Self Awakened: Pragmatism Unbound"--exemplify the programmatic and the philosophical sides of his work, united by an effort to develop ideas that can inform the imagination of alternatives in politics, the economy, and culture.
Table of Contents
Themes and Scope of this Book 1
Chapter 1 7
Troubles: The Enigmas of Free Trade Familiar Problems, Disturbing Solutions 7
The History of Free Trade and Protection: Subversive Lessons 15
The Authority of Free Trade Doctrine: Reasons Amounting to Objections 20
Chapter 2 25
Troubles: The Incompleteness of Comparative Advantage The Doctrine of Comparative Advantage 25
Incompleteness: Indeterminacy Resulting from Failure to Justify Unique Assignments of Comparative Advantage 28
Incompleteness: Confusion Resulting from Uncertainty about the Limits of Our Power Collectively to Shape Comparative Advantage 36
Incompleteness: Embarrassment Resulting from the Assumption that the World Is Divided into Sovereign States 44
Beyond Incompleteness: The Sham Similarity between Postmarginalist Economics and Physics 51
Condemned to Eternal Infancy: Implications of the Method Inaugurated by Marginalism 56
A Note Relating Ideas in this Book to the Dominant Tradition of Thinking about Comparative Advantage 65
Chapter 3 77
Ideas
In Search of a Point of View 77
Specialization and Discovery:When Competition Inhibits Self-Transformation 78
Politics over Economics:When Restraints on Trade Imply No Surrender to Special Interests or Costly Dogmas 81
Order and Revision:When Free Trade Strengthens the Capacity for Self-Transformation 87
Alternative Free Trade, Alternative Globalizations: The Market Liberated from the Doctrine of the Market 90
The Division of Labor Reimagined and Remade: From the Pin Factory to the Factory of Innovation 95
A Central Conception:Mind against Context 100
Chapter 4 110
Theses
Nature of These Theses 110
The Thesis of Relative Advantage 110
The Thesis of Politics over Economics 138
The Thesis of Self-Revision 150
Chapter 5 166
Proposals
From an Analysis to a Program 166
The World Trade Regime and Its Reconstruction 167
Free Trade Reformed: The Reconciliation of Alternatives 179
Free Trade Reformed: Experimenting with the Form of the Market Economy 185
Free Trade Reformed: Free Movement of Things and Money Chastened, Free Movement of People and Ideas Enhanced 193
Free Trade Reformed: From Wage Slavery to Free Labor 198
The Troubles of Free Trade and the Possibilities of Economics 213
Name Index 223
Subject Index 225