Its time to think for yourself on free trade on January 29, 2017Economists like to claim that the purpose of free trade is to eliminate barriers that impair the efficient global allocation of resources, while helping some of the world’s poorest people. It’s an argument undermined by a simple thought experiment. Suppose we wiped the slate clean of the Trans-Pacific Partnership, the Transatlantic Trade and Investment Partnership, […]
The new industrial policy on January 23, 2017US President-elect Donald Trump has yet to take office, but his brand of flawed industrial policy has been on full display since his surprise win in November. Within weeks of the election, Trump had already claimed a victory. Through a mix of inducements and intimidation, he prevailed on the heating and cooling firm Carrier to […]
The false economic promise of global governance on December 11, 2016Global governance is the mantra of our era’s elite. The surge in cross-border flows of goods, services, capital and information produced by technological innovation and market liberalisation has made the world’s countries too interconnected, their argument goes, for any country to be able to solve its economic problems on its own. We need global rules, […]