Archive for the ‘Trade/Foreign Policy’ Category

The new age or the stone age: we either deal with the costs of trade or they deal with us

April 26th, 2016

Economist David Autor et al keep producing really important findings about the impact of trade on people and communities hurt by international competition. Their latest entry, on the connection between trade-induced job losses and political polarization, is written up in today’s NYT: “Cross-referencing congressional voting records and district-by-district patterns of job losses and other economic… Read more

True and important: trade deficits are not scorecards. But under certain conditions, they’re far from benign.

March 28th, 2016

Neil Irwin over at the NYT has apparently drawn the unenviable job of explaining what’s wrong with Trumponomics. His latest entry, on trade deficits, is framed around an important, overlooked point, but he misses some important nuances, and his conclusion re trade deficits as conditionally benign seemed pretty far off to me. As this is… Read more