Attention Economy


Saturday, October 22, 2011

International Economics and Global Affairs

GMU Economist Don Boudreaux makes a great point regarding international trade:
“Recognizing that moving from protectionism to free trade (or vice versa) has no long-run impact on the total number of jobs in the economy strikes the non-economist as odd. This recognition, however, is nearly universally shared by economists. The reason is straightforward: Economists understand that most of what is popularly believed to be unique to international trade is, in fact, not unique to international trade.
A change in the volume of trade that crosses political borders is merely one among countless different changes that occur constantly in modern economies. And this change -- like the great majority of other changes -- is driven by voluntary consumer choices.”

The Global Race for Talent:


STEPHEN M. WALT on US Exceptionalism