Ideal Taxes Association

Raymond Richman       -       Jesse Richman       -       Howard Richman

 Richmans' Trade and Taxes Blog

Our New Book -- Balanced Trade
Jesse Richman, 5/12/2014

Lexington Books has just brought to market our new book Balanced Trade: Ending the Unbearable Costs of America's Trade Deficits, by Jesse Richman, Howard Richman, and Raymond Richman.

“Balanced Trade: Ending the Unbearable Costs of America’s Trade Deficits addresses the problems caused by this country’s unbalanced trade in a straightforward and hard-hitting way. The book describes the significant negative impact of unbalanced trade on the U.S. economy and the many possible steps that can be taken to move the country back to a productive trade regime.”— Ralph Gomory, New York University

In Part 1, we discuss the causes and problems of trade deficits:

  • Chapter 1 discusses trade deficits caused by foreign mercantilism.
  • Chapter 2 discusses trade deficits caused by private savings flows.
  • Chapter 3 discusses the damage done by trade deficits whatever the cause.

In Part 2, we discuss the reasons why little action has been taken in the United States to address the problem of trade imbalances:

  • Chapter 4 examines the failure of economists.
  • Chapter 5 examines the failure of the U.S. political system.
  • Chapter 6 examines the failure of the Federal Reserve.

In Part 3, we discuss the solution:

  • Chapter 7 develops the general principle of trade reciprocity upon which any solution must be based.
  • Chapter 8 analyzes the degree to which a variety of previously proposed solutions would efficiently and effectively generate a reciprocal balance of trade.
  • Chapter 9 develops the scaled tariff proposal which insures reciprocity.
  • Chapter 10 lays out the implications of our analysis for macroeconomic policy.

The book is currently out in hard cover and can be ordered from  Orders placed by December 31, 2015 can use the following discount code on the Lexington Books website to receive a 30 percent off discount from the list price.  LEX30AUTH14. 

Your Name:

Post a Comment:

Comment by Dave Pinsen, 5/19/2014:

Are any of you on Twitter? It would be great if your book gets a fraction of the attention Piketty's has, considering that you seem to offer a more practical solution to a key economic problem.

Also, considering adding Disqus as a commenting system here and also adding social media share buttons for your posts. Make it easier for your readers to spread the word. 

Response to this comment by Jesse, 8/28/2014:
Thanks for the comment Dave.  We should do all of the things we suggest.  Hopefully we will. 

Comment by Bruce Bishop, 5/21/2014:


I just finished reading your excellent book and it is everything I had hoped it would be.

I am working on a review for Amazon which I hope to have posted in the next day or so.

Thank you for your efforts and your dedication to helping solve the trade deficit problem that is destroying our country.

Response to this comment by Bruce Bishop, 5/21/2014:
I just posted my review on Amazon.  I hope it will encourage others to buy and read your book. Thanks again for your efforts. Bruce Bishop
Response to this comment by Bruce Bishop, 8/28/2015:
Your book is still $66.50 on Amazon.  I paid $70 for my copy, but that is an outrageous price for a small book.  If I weren't a "balanced trade zealot," I couldn't have justified the cost. I have an acquaintance who is a "balanced trade enthuisiast," but he told me he couldn't afford to buy a copy. When Howard Sirkin of Boston Consulting Group pubished his (bogus) book "The U.S. Manufacturing Renaissance," he made it FREE on Amazon Kindle.  (It was worth it, too.)  I would suggest that you make this book no more than $9.99 on Kindle.  People need to read it, but it is out of the range of most people.

  • Richmans' Blog    RSS
  • Our New Book - Balanced Trade
  • Buy Trading Away Our Future
  • Read Trading Away Our Future
  • Richmans' Commentaries
  • ITA Working Papers
  • ITA on Facebook
  • Contact Us

    Jan 2022
    Dec 2021
    Nov 2021
    Oct 2021
    Sep 2021
    May 2021
    Apr 2021
    Feb 2021
    Jan 2021
    Dec 2020
    Nov 2020
    Oct 2020
    Jul 2020
    Jun 2020
    May 2020
    Apr 2020
    Mar 2020
    Dec 2019
    Nov 2019
    Oct 2019
    Sep 2019
    Aug 2019
    Jun 2019
    May 2019
    Apr 2019
    Mar 2019
    Feb 2019
    Jan 2019
    Dec 2018
    Nov 2018
    Aug 2018
    Jul 2018
    Jun 2018
    May 2018
    Apr 2018
    Mar 2018
    Feb 2018
    Dec 2017
    Nov 2017
    Oct 2017
    Sep 2017
    Aug 2017
    Jul 2017
    Jun 2017
    May 2017
    Apr 2017
    Mar 2017
    Feb 2017
    Jan 2017
    Dec 2016
    Nov 2016
    Oct 2016
    Sep 2016
    Aug 2016
    Jul 2016
    Jun 2016
    May 2016
    Apr 2016
    Mar 2016
    Feb 2016
    Jan 2016
    Dec 2015
    Nov 2015
    Oct 2015
    Sep 2015
    Aug 2015
    Jul 2015
    Jun 2015
    May 2015
    Apr 2015
    Mar 2015
    Feb 2015
    Jan 2015
    Dec 2014
    Nov 2014
    Oct 2014
    Sep 2014
    Aug 2014
    Jul 2014
    Jun 2014
    May 2014

    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    June 2012
    May 2012
    April 2012
    March 2012
    February 2012
    January 2012
    December 2011
    November 2011
    October 2011
    September 2011
    August 2011
    July 2011
    June 2011
    May 2011
    April 2011
    March 2011
    February 2011
    January 2011
    December 2010
    November 2010
    October 2010
    September 2010
    August 2010
    July 2010
    June 2010
    May 2010
    April 2010
    March 2010
    February 2010
    January 2010

    Book Reviews
    Capital Gains Taxation
    Corporate Income Tax
    Consumption Taxes
    Economy - Long Term
    Economy - Short Term
    Environmental Regulation
    Last 100 Years
    Real Estate Taxation


    Outside Links:

  • American Economic Alert
  • American Jobs Alliance
  • Angry Bear Blog
  • Economy in Crisis
  • Econbrowser
  • Emmanuel Goldstein's Blog
  • Levy Economics Institute
  • McKeever Institute
  • Michael Pettis Blog
  • Naked Capitalism
  • Natural Born Conservative
  • Science & Public Policy Inst.
  • Votersway Blog
  • Watt's Up With That


  • [An] extensive argument for balanced trade, and a program to achieve balanced trade is presented in Trading Away Our Future, by Raymond Richman, Howard Richman and Jesse Richman. “A minimum standard for ensuring that trade does benefit all is that trade should be relatively in balance.” [Balanced Trade entry]

    Journal of Economic Literature:

  • [Trading Away Our Future] Examines the costs and benefits of U.S. trade and tax policies. Discusses why trade deficits matter; root of the trade deficit; the “ostrich” and “eagles” attitudes; how to balance trade; taxation of capital gains; the real estate tax; the corporate income tax; solving the low savings problem; how to protect one’s assets; and a program for a strong America....

    Atlantic Economic Journal:

  • In Trading Away Our Future   Richman ... advocates the immediate adoption of a set of public policy proposal designed to reduce the trade deficit and increase domestic savings.... the set of public policy proposals is a wake-up call... [February 17, 2009 review by T.H. Cate]