How is protectionist trade policy a fallacy?  Williamson and ORourke have shown that the
two most successful economies in the period 1865-1914 where two of the most protectionist,
the United States and Germany.  In a static world protectionist policies may have no
logical support, and hence are a fallacy.  But in a dynamic world of innovation, growth,
and evolution, some forms of protectionsim may be beneficial.  Hence the prior assumptions
(e.g., static vs. dynamic) have much to say whether something is a fallacy.  I think more
agnosticism would be most helpful--let's look at the specifics.
  
Fred Carstensen