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You’ve heard it before, and you’ll hear it again: China’s insistence on maintaining an undervalued currency costs American jobs. But look a little closer – as Simon Evenett and Joseph Francois have done – and you’ll see that the story is much more complicated. In the [READ MORE...] By Robert Hahn, Peter Passell | Tags: China, employment, Joseph Francois, mercantilism, renminbi, Simon Evenett | Category: International Trade |
 One commentWhile the causes of the Great Depression of the 1930s—or, at least, the relative importance of the causes—remain in dispute, few economists disagree that “beggar thy neighbor” trade policies deepened the catastrophe. No college course in American history these days lacks a reference to the infamous Smoot-Hawley Act of 1930, … By Robert Hahn, Peter Passell | Tags: CEPR, Global Trade Alert, Great Depression, Jakob Madsen, protectionist, Recession, Simon Evenett, Smoot-Hawley, Trade | Category: Interesting Research, Trade |
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Professor Dieter Helm (Oxford) is a very fine fly fisherman, and an even better economist. If you haven’t done so, take a look at his new book “The Carbon Crunch: How We Are Getting Climate Change Wrong — and How to Fix It” for a bit of unconventional wisdom. He argues that politicians and the general public have not shown any real interest in addressing climate change. Helm argues that places like Europe should focus on setting a price for carbon that would cover consumption (and not just production), and that fracking could be a good “bridge” technology for reducing consumption of coal. The book is readable and insightful for those interested in the inside track on climate policy. 
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