In a recent paper, three economists — Drusilla Brown, Alan Deardoff, and Robert Stern — attempt to calculate the benefits of trade liberalization. They estimate that complete elimination of all trade barriers in the world would add $1.9 trillion (about 5%) to the world's gross economic product by 2005 (Brown, Deardoff, and Stern 2001). Brown-Deardoff-Stern's numbers look convincing, leaving the...