ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Import Tariffs as Strategic Policy Signals

learn. In conclusion, let me summarise the main thrust of my response. In political economy, if not in economic theory, simple-minded deductions can be highly vacuous, and if combined with ideological certitudes, they can also misdirect and unduly polarise debate. Deductions and polemics are no substitute for careful empirical work. Our conceptual work must mesh with the real world.

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