TweetHere’s a letter to the Wall Street Journal. Editor: Anthony deBarros and Peter Santilli report on “the countries fueling America’s $1.2 trillion goods trade deficit” (March 1). With respect, what’s the point of such a report? Eighty percent of U.S. GDP is produced by the service sector – implying that the vast majority of Americans…
More Deficient Economic Thinking
More Deficient Economic Thinking
03 Mar 2025 Leave a comment
in applied price theory, industrial organisation, international economics Tags: current account, free trade, tarrifs
The Spectacular Economic Ignorance of Peter Navarro
20 Feb 2025 1 Comment
in applied price theory, Austrian economics, history of economic thought, industrial organisation, international economics, labour economics, labour supply, survivor principle, unemployment Tags: 2024 presidential election, free trade, tarrifs
TweetHere’s a letter to the New York Times. Editor: Encountering, in David Leonhardt’s report, a summary of Peter Navarro’s attempted justifications of Trump’s tariffs makes the head spin (“A Disagreement on Tariffs,” February 18). Navarro’s arguments are so illogical, self-contradictory, and economically ignorant that they’d be merely laughable were he not an advisor to the…
The Spectacular Economic Ignorance of Peter Navarro
Some Links
06 Feb 2025 Leave a comment
in applied price theory, applied welfare economics, economic history, history of economic thought, international economics, politics - USA Tags: 2024 presidential election, free trade, game theory, tariffs
TweetNational Review‘s Charles Cooke explains that Trump’s trade war is needless. Two slices: How do I hate President Trump’s capricious levying of tariffs? Let me count the ways. They are constitutionally suspect, statutorily usurpative, diplomatically toxic, and culturally chaotic; they represent a profound political risk for the new administration — the potential upsides of which…
Some Links
…And the Really Stupid Sh*t Begins
02 Feb 2025 Leave a comment
in applied price theory, development economics, income redistribution, industrial organisation, international economic law, international economics, International law, politics - USA, Public Choice Tags: 2024 presidential election, Canada, China, free trade, Mexico, tariffs
Trump’s first few weeks have been a mix of good and bad for this libertarian, all against a backdrop of horror at how Imperial the presidency has become. But as of today, perhaps the most destructive and stupid initiative has begun: Because we are all tired of those fentanyl-toting Canadians crossing the border illegally. I…
…And the Really Stupid Sh*t Begins
Historian Anthony Comegna reviews Marc-William Palen’s book Pax Economica: Left-Wing Visions of a Free Trade World
23 Sep 2024 Leave a comment
in applied price theory, development economics, history of economic thought, international economics Tags: economics of colonialism, free trade, tariffs
See When Leftists Were Free Traders: In Pax Economica, historian Marc-William Palen chronicles the left-wing history of free trade. From Reason magazine.Dr. Marc-William Palen is a historian at the University of Exeter. His Ph. D. is from The University of Texas.The review is very good. Here is the Amazon link for the book: Pax Economica:…
Historian Anthony Comegna reviews Marc-William Palen’s book Pax Economica: Left-Wing Visions of a Free Trade World
Globalization is Win-Win
11 Apr 2024 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, economic history, industrial organisation, international economics Tags: free trade
TweetIn this wonderful new video, John Stossel and Scott Lincicome bust six myths – peddled by the likes of Trump and Biden – about globalization. The post Globalization is Win-Win appeared first on Cafe Hayek.
Globalization is Win-Win
An Open Letter to Nobel-laureate Economist Angus Deaton
13 Mar 2024 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, economic history, entrepreneurship, history of economic thought, income redistribution, international economics, labour economics, labour supply, poverty and inequality, Public Choice, rentseeking, survivor principle, unemployment Tags: creative destruction, free trade, tariffs
TweetProf. Angus Deaton Princeton University Prof. Deaton: Over the years I’ve learned much from your writings, and I regard your 2013 The Great Escape as one of the most important books published in the past 15 years. So I was quite surprised and disappointed to read that you, as you say, are now “much more…
An Open Letter to Nobel-laureate Economist Angus Deaton
NZ should go further than Australia
13 Mar 2024 Leave a comment
in international economics, politics - New Zealand Tags: free trade, tariffs
New Zealand sensibly got rid of most tariffs years ago. We should go further than Australia plans to do and abolish the rest: The Taxpayers’ Union is renewing its calls to abolish all tariffs following reports that Australia plans to unilaterally abolish nearly 500 of its tariffs. Taxpayers’ Union Campaigns Manager, Connor Molloy, said: “With the stroke […]
NZ should go further than Australia
I Annoyed a mercantilist
06 Jul 2022 Leave a comment
in applied price theory, applied welfare economics, economic history, income redistribution, industrial organisation, international economics, labour economics, labour supply, Public Choice, rentseeking, survivor principle, transport economics Tags: free trade, free trade agreements, tariffs
Milton Friedman – Imports, Exports & Exchange Rates
11 Jun 2022 Leave a comment
in international economics, labour economics, labour supply, Milton Friedman Tags: free trade
Churchill was ahead of his time
17 May 2022 Leave a comment
in applied price theory, applied welfare economics, defence economics, economic history, history of economic thought, income redistribution, international economics Tags: free trade, racial discrimination
INCU Global Conference 2014 – Thomas J. Sargent – Keynote Address on the effects of opening borders
02 Sep 2020 Leave a comment
in applied price theory, applied welfare economics, budget deficits, business cycles, comparative institutional analysis, constitutional political economy, currency unions, econometerics, economic history, economics of bureaucracy, economics of regulation, entrepreneurship, financial economics, fiscal policy, growth disasters, growth miracles, history of economic thought, human capital, income redistribution, industrial organisation, international economic law, international economics, International law, labour economics, labour supply, law and economics, macroeconomics, politics - Australia, politics - New Zealand, politics - USA, poverty and inequality, property rights, Public Choice, rentseeking, survivor principle, transport economics, unemployment Tags: custom unions, free trade, tariffs
Duflo and Banerje are a cross between Trump and crazy Bernie on economic populism
31 Oct 2019 Leave a comment
in development economics, economic history, economics of regulation, entrepreneurship, financial economics, history of economic thought, industrial organisation, international economics, labour economics, labour supply, Marxist economics, politics - USA, poverty and inequality Tags: anti-foreign bias, economics of immigration, free trade
Thomas J. Sargent – Keynote Address on effects of open borders
30 Jun 2019 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, economic history, history of economic thought, industrial organisation, international economics, macroeconomics Tags: free trade
Debunking Economic Myths | Mark Perry
13 Jun 2019 Leave a comment
in applied price theory, comparative institutional analysis, discrimination, economic history, economics of bureaucracy, economics of education, economics of regulation, gender, health and safety, human capital, income redistribution, international economics, labour economics, labour supply, occupational choice, politics - USA, Public Choice, rentseeking Tags: free trade, gender wage gap
Utopia, you are standing in it! 
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