Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved.

p. Applied Economics: Thinking Beyond Stage One ISBN 0-465-08143-6
2002. ISBN 978-0-300-10775-3.

He is the author of more than 30 books. He dropped out of high school and served in the United States Marine Corps during the Korean War. Since 1980 he has worked at the Hoover Institution at Stanford University.