Wednesday, November 16, 2016

Dani Rodrik — Straight Talk on Trade

This reluctance to be honest about trade has cost economists their credibility with the public. Worse still, it has fed their opponents’ narrative. Economists’ failure to provide the full picture on trade, with all of the necessary distinctions and caveats, has made it easier to tar trade, often wrongly, with all sorts of ill effects.…
Ideology? Paternalism? Trade is not the only thing that economists refuse to be honest about, as Randy Wray pointed out about Paul Samuelson and deficit myths.

Project Syndicate
Straight Talk on Trade
Dani Rodrik | Professor of International Political Economy at Harvard University’s John F. Kennedy School of Government