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He'd be thrilled, because the pencils are of lower quality, environmental standards are lower, and workers are more likely to be abused. Like all conservatives, his intelligence was put to work masking his selfishness and sadism.
Commented Oct 13, 2011 on Milton Friedman’s Mixed Legacy at Dani Rodrik's weblog
Milton Friedman’s Mixed Legacy
The image most people will retain of Friedman is the smiling, diminutive, unassuming professor holding up a pencil in front of the cameras in “Free to Choose” to illustrate the power of markets. It took thousands of people all over the world to make this pencil, Friedman said – to mine the graph...
In particular, I'm referring to the famous productivity slowdown in the 70s and 80s attributed to, among many other things, the rise of the EPA and OSHA.
Commented Jun 18, 2011 on Is China driving the wrong kind of structural change in the U.S.? at Dani Rodrik's weblog
Is China driving the wrong kind of structural change in the U.S.?
By Maggie McMillan, guest blogger When economists talk about structural transformation, they typically have in mind developing countries and the dual economy models à la W. Arthur Lewis that emphasize productivity differentials between broad sectors of the economy, such as agriculture and manuf...
It's an unexamined assumption that this pattern began in 1998. What if it began in the 70s? Then China's rise is just another link in the chain.
Commented Jun 18, 2011 on Is China driving the wrong kind of structural change in the U.S.? at Dani Rodrik's weblog
Is China driving the wrong kind of structural change in the U.S.?
By Maggie McMillan, guest blogger When economists talk about structural transformation, they typically have in mind developing countries and the dual economy models à la W. Arthur Lewis that emphasize productivity differentials between broad sectors of the economy, such as agriculture and manuf...
Or maybe the economics profession is dominated by authoritarians. That would explain why so many people who lie a lot to support existing power structures are treated like they are trustworthy scientists.
Commented May 15, 2011 on Why do (some, mostly international) economists dislike democracy so much? at Dani Rodrik's weblog
Why do (some, mostly international) economists dislike democracy so much?
My newest Project Syndicate column was stimulated, if that is the right word, by a comment made by a discussant at a recent book launch for The Globalization Paradox. "Rodrik wants to make the world safe for politicians," complained the discussant, and this set me off thinking. Here is the resul...
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May 15, 2011
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