CAMBRIDGE – I was recently invited by two Harvard colleagues to make a guest appearance in their course on globalisation. “I have to tell you,” one of them warned me beforehand, “this is a pretty pro-globalisation crowd.”

In the very first meeting, he had asked the students how many of them preferred free trade to import restrictions; the response was more than 90%. And this was before the students had been instructed in the wonders of comparative advantage!

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