Via Megan McArdle’s shiny, new Atlantic blog, Brad DeLong has an absolutely brilliant post about early 20th century America. You really should read the whole thing, it’s pretty stunning. The thing that sticks out most is the absolute material poverty in which essentially everyone lived.
Few households in Homestead in 1900 had […]
A recent email exchange with Thoreau at Unqualified Offerings got me thinking about the best, jargon-free way to explain one of the most counter-intuitive results of international trade theory. Thoreau is a really smart dude, what with being a physicist who’s starting a tenure-track position at a reasonably notable California university this fall, but […]
A couple of days ago I spotted this little gem of a news item over on Drudge. A couple of the key paragraphs give pretty keen insight into the mind of a regulator:
“It would be a distortion of competition if we were to just regulate one and not all,” EU Information Commissioner Viviane […]
[Via Hit & Run] There’s this fascinating Der Speigel interview with Kenyan economist James Shikwati. Shikwati’s point is one that many of us free-traders in the US have been making for a while: Aid does more harm than good, and African nations would be better served by trading on the world market than relying […]
Don Boudreaux, whose department I hope to one day be smart enough to study in, has yet another post about investor nationality and the current account. He’s been making this point for a pretty long time, but it does bear repeating.
The current account is in deficit when foreign consumption of US goods […]
In a moral sense, as far as I’m concerned. Especially after reading this TCS article and the paper it mentions.
It turns out that Evil Pharma Companies are not the ones at fault when it comes to lack of access to essential drugs in the poor parts of the world. As is often the […]
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