Leland Yeager, an Economist Who Could Write

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H.L. Mencken once called Henry Hazlitt “one of the few economists in human history who could really write.” Another was Leland B. Yeager, who died April 23 at 93. A professor emeritus at both the University of Virginia and Auburn, Yeager passionately defended free trade, including in currencies. He defended economic freedom on the grounds that it was not only efficient but also ethical.

He challenged trade restrictions with devastating examples—such as this, from a 1954 monograph:



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