Economics as Ideology

Economics can serve as an ideo­logy. But it can be something other than an ideology. It can be a social science, for instance, most immediately concerning things about money, and extending to the calculus of social and cultural exchanges where notions of benefit and utility operate. Economics is . . . . Continue Reading »

America Needs Work

Last December, with a push from President-elect Donald Trump, Carrier Corporation decided to retain around eight hundred jobs in Indiana that it had slated to shift to Mexico. Commentators from George Will to James Pethokoukis and the Wall Street Journal criticized the episode as a violation of . . . . Continue Reading »

My Orange Juice Came from Brazil

I was taught in school that free trade was inherently good, because it provided the most efficient method of producing material goods and services, taking advantage of each country’s comparative advantage. But, what if our modern global economy has erased any notion that a comparative advantage exists today? Continue Reading »

The Elephant in the Room

The global system—which is committed to the free flow of labor, goods, and capital—works well for the leadership class in Europe and North America, as it does for striving workers in China, India, and elsewhere. It doesn’t work so well for the middle class in the West. Thus, in the West, the led no longer share the economic interests of their leaders. Continue Reading »