Category Archives: Specialization and Trade Economics Intro

Renewable != Sustainable

Benjamin Zycher writes, there is nothing “clean” about renewables. There is the heavy-metal pollution created by the production process for wind turbines, along with their noise and flicker effects. There is the large problem of solar panel waste. There is … Continue reading

Posted in energy and the environment, Specialization and Trade Economics Intro | 16 Comments

Applying Nondiscrimination to Markets

Mark J. Perry writes, Although workers outside the US are not protected by US civil rights laws, doesn’t “Buy America” legislation still make it legal to discriminate against workers in Mexico, China and Russia who make iron and steel by … Continue reading

Posted in Specialization and Trade Economics Intro | 17 Comments

Still Looking for a Present?

Yuval Levin recommends my book, among others. It helps you unlearn what is untrue and then try to learn what is true. And it treats economics as a discipline—that is, not just a set of tools and facts but an … Continue reading

Posted in books and book reviews, Specialization and Trade Economics Intro | 2 Comments

Supply, Demand, and Immigration

Don Boudreaux writes, An increase in the supply of labor lowers wages only if nothing else changes. But when immigrants enter the workforce two very important other things change. First, immigrant workers spend or invest their earnings, both of which … Continue reading

Posted in books and book reviews, Economic History, Growth Causes and Consequences, Specialization and Trade Economics Intro, trade and immigration | 19 Comments

Podcast on Specialization and Trade

With Don Watkins, on the Yaron Brook show. I found that I had to skip ahead to minute 7 to get started. I spend a lot of time talking about methodology. I am starting to think that I should have … Continue reading

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Will Trump Revive Liberal Economists?

Justin Wolfers writes, you should think of the economy as being in a state of constant churn. The economist Joseph Schumpeter used the now-famous phrase “creative destruction” to describe this process by which new firms push out the old. The … Continue reading

Posted in Mark Thoma is Indispensable, Specialization and Trade Economics Intro | Tagged | 6 Comments

WaPo Watch

The idea would be to have regular analysis of the bias in the Washington Post. One reader emailed encouragement but suggested that the New York Times is more influential. My guess is that I do not want to take this … Continue reading

Posted in Mark Thoma is Indispensable, Specialization and Trade Economics Intro, Washington Post bias | 29 Comments

Regulation and Sustainability

Concerning a new EPA regulation, Jennifer Ko writes, many industry and environmental groups have failed to address one important aspect of biofuel regulations—the effect that increased ethanol use will have on dwindling water supplies in the United States. Jay Famiglietti, … Continue reading

Posted in Mark Thoma is Indispensable, regulation, Specialization and Trade Economics Intro | 3 Comments

Trust and Banks

Erika Vause writes, No institution more clearly relies on trust than the bank. That is precisely what makes banks a lightning rod for suspicion. From the time modern banking emerged, it has been the subject of intense misgivings. Many of … Continue reading

Posted in financial markets, Specialization and Trade Economics Intro | 2 Comments

Boston Discussion: Try Again?

I tried a couple weeks ago, but I let the weather forecasters frighten me out of it. I will be back in Boston on October 5th and 6th. Either lunch time or dinner time would work. We will discuss my … Continue reading

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