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Lessons from the Kibbutz on the Equality–Incentives Trade-off     Equality–Incentives  Kibbutz       font style='font-size:12px;'> 2015/7/15
The fi e rst kibbutz, called Degania, was established southwest of the Sea of rst kibbutz, called Degania, was established southwest of the Sea of Galilee in 1910, but the vast majority of kibbutzim...
Industry, Self-Interest, and Individual Preferences over Trade Policy     Trade Policy  Industry  Self-Interest,       font style='font-size:12px;'> 2015/6/5
Do voters have economically self-interested preferences about trade policy? Despite considerable research on this question, no consensus has emerged. We argue that scholars can gain new insight by...
To combat climate change, cap-and-trade policies have been proposed and implemented in countries around the world. The stochastic carbon price that results from a cap-and-trade policy makes investment...
U.S,-JAPANESE TRADE:MYTHS AND REALITIES     U.S,-JAPANESE TRADE  Free-traders  trade relations       font style='font-size:12px;'> 2008/12/8
Introduction Even though more than a century has passed since Frederic Bastiat faced the iuterventionists’ refrain, little has changed. Free-traders are still told that their principles are correct...
THE POLITICAL ECONOMY OF TRADE POLICY     POLITICAL ECONOMY  TRADE POLICY       font style='font-size:12px;'> 2008/12/8
It takes a perceptive mind to find logic in US, trade policy. Our steel import policy destroys 50 jobs in the rest of the economy for each one saved in the steel industry. Restrictions on auto impor...
U.S. TRADE POLICY AND NATIONAL SECURITY     U.S. TRADE POLICY  NATIONAL SECURITY       font style='font-size:12px;'> 2008/12/8
There is a long history of intellectual interest in and public concern with the interrelationship between trade policy and national security. In general, mainstream economists with their emphasis on...
DO TRADE DEFICITS MATTER?     TRADE DEFICITS MATTER  government policy changes       font style='font-size:12px;'> 2008/12/8
Some things matter whether or not they exist. The Loch Ness monster is one. National trade deficits are another, Trade deficits obviously matter to many people, because (whatever they are) they see...
U.S. TRADE POLICY:HISTORY AND EVIDENCE     U.S. TRADE POLICY  protectionism  trading nations  tariffs       font style='font-size:12px;'> 2008/12/8
For the past 13 years, U.S. trade policy has been on a steady course toward increased protectionism. A policy to reduce tariffs across the board among all trading nations has been paralleled by effo...
REALISM AND FREE-TRADE POLICY     FREE-TRADE POLICY  REALISM  Fantasy       font style='font-size:12px;'> 2008/12/8
Realism versus Fantasy Nowadays the press and the hearing rooms of Congress are full of remarks to the effect that free trade is unreal, a fantasy, a myth, “a Utopian dream.” Its “Utopian-like prom...
INTERNATIONAL TRADE AND NATIONAL PROSPERITY     INTERNATIONAL TRADE  NATIONAL PROSPERITY  Schumpeterian Growth       font style='font-size:12px;'> 2008/12/8
In writing about foreign trade over the years, I have churned out a fairly complex set of ideas dealing with the relationships between trade and growth. More exports can either stimulate or retard g...
TRADE AND DEVELOPMENTTHE:ASIAN EXPERIENCE     ASIAN EXPERIENCE  potential impact  exports  economic growth performance       font style='font-size:12px;'> 2008/12/5
Introduction One development issue that has attracted much attention in recent years is the potential impact of a country’s exports on its economic growth performance.’ Based primarily on simple re...
HAYEKIAN TRADE CYCLE THEORY:A REAPPRAISAL     HAYEKIAN  TRADE CYCLE THEORY  REAPPRAISAL       font style='font-size:12px;'> 2008/12/5
If general acceptance by the economics profession were the criterion for success or failure of a theory, the theory of the trade cycle attributed to F. A. Hayek would have to be declared a failure.’...
INTERSTATE TRADE BARRIERS AND THE CONSTITUTION     INTERSTATE TRADE BARRIERS  CONSTITUTION       font style='font-size:12px;'> 2008/12/5
The existence of substantial barriers to interstate trade is one of the more surprising aspects of the public policy environment. Barriers to trade are generally familiar to students of public polic...
THE UNEASY RELATION BETWEEN THE BUDGET AND TRADE DEFICITS     TRADE DEFICITS  BUDGET       font style='font-size:12px;'> 2008/12/3
Popular and political perceptions about the relation ofthe U.S. budget and trade deficits are based on the observation that both deficits have been unusually high during the past several years. Our ...
Since the move to a managed floating exchange rate system in 1973, world financial markets have been characterized by largemovements in nominal exchange rates. These movements have been accompanied...

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