The doctrine of "free trade" is second only to that of "free markets" in undergirding ideological support for our current global economic structures and rules. From David Ricardo s "comparative advantage principle" to James Meade s Neoclassical or mainstream economics proof of self-adjusting free trade equilibrium, the free trade doctrine has had a lasting and destructive hold on Neoclassical economic thinking since its inception.

The Global Free Trade Error provides a detailed analysis of these foundational models and counter-poses these to alternative Neo-Marxist...