Tariffs are increasingly a function of political cycles and their fallout. India’s negotiations are now undergirded by a coherent doctrine that builds on its core economic strengths ...

David Ricardo, a Scottish economist, made a perceptive observation that a few individuals, firms, or countries can gain from trading, even if one of them is objectively the best in all activities.

Discover what autarky means, its economic implications, and real-world examples like North Korea and Nazi Germany's self-sufficient policies.