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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 »

We Have A Country

It was never about small government. That is the bitter lesson many conservatives have learned, as they have seen Republican-leaning voters opt for a candidate who promises mass deportations and protectionism. That’s the bad news. The good news is that, when conservatives were winning, they were . . . . Continue Reading »

Britain is Coming Apart, Too

Over at the Guardian, Paul Mason writes about the disintegration of Britain's working class. The occasion is the publication of a report on educational achievement, analyzed in terms of the ethnicity of pupils. It turns out that white British kids fall behind during their school years, with . . . . Continue Reading »

​What’s the Value of Utility?

The science of economics has undoubtedly come a long way since the days of Adam Smith, but economic discussions today can often seem downright strange, if not misleading. One case in point is the focus on the concept of utility, as one prominent economic blog recently did—with far-reaching . . . . Continue Reading »

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