I meant to get this one out last Friday. Ah well.
How we can learn from the history of protectionism
It is easy to find lots of economists who are down on protectionism, but the evidence turns out to be rather mixed on exactly what its effects are. There are countries that have done poorly with this policy, and countries that have done very well indeed.
It’s Time to Think for Yourself on Free Trade
Dani Rodrik is an interesting and thoughtful economist. This example from his article is illuminating:
In some sense we all know this. Consider another thought experiment: Suppose Harry and John own two companies that compete with each other. How do you feel about each of the following four cases?
Harry works really hard, saves and invests a lot, comes up with new techniques, and outcompetes John, resulting in John and his employees losing their jobs.
Harry gets a competitive edge over John by finding a cheaper supplier in Germany.
Harry drives John out of business by outsourcing to a supplier in Bangladesh, which employs workers in 12-hour shifts and under extremely hazardous conditions.
Harry “imports” Bangladeshi workers under temporary contracts and puts them to work under conditions that violate domestic labor, environmental, and safety laws.
From a purely economic standpoint, these scenarios are what economists call “isomorphic” — they are formally indistinguishable because each creates losers as well as winners in the process of expanding the economic pie in the national economy. (That is, Harry’s gains are larger than John’s losses.)
For economists to call these four situations in some sense identical is probably important for analysis, but it probably also warps the mind to do that too regularly.
I haven't used JASP myself, but I saw people talking about it on Twitter. I will give it a try, and perhaps report back. I am entirely in favor of easy to use stats tools.
Burying Your Father and “Return of the Jedi” (1983)
This was a fascinating reflection on fatherhood, spurred by the climax of Return of the Jedi.
Is Global Equality the Enemy of National Equality?
I like Dani Rodrik's work, but sometimes I also think he's nuts. This is a good example of why. I think really bad things would happen if we tried to implement this suggestion of globally free labor movement.
Tolkien 101: The Animated Tolkien Movies
A roundup of the animated Tolkien adaptions over the years. The author has a whole series on this subject. Ooh, and one on Conan!
Even Dead, The Expanded Universe Is Better Than Disney Star Wars. And That's A Good Thing
I have said my piece on Disney's decision to reboot the Star Wars universe, but in the time since, I have found the new novels pretty lackluster. There was some crap in the old EU, but the crap to good stuff ratio seems poor in the new canon. Thankfully, the animated series are making up for the deficit.
A retrospective of the famous Stanford Prison Experiment, that is a case study of the failures of social science that led to the replication crisis. The first person, and the last person, Philip Zimbardo lied to was himself.
Normalizing Trade Relations With China Was a Mistake
A perennial theme here at the blog: are we sure we really knew what we were doing?