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Erin00000
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I agree that the distribution of benefits from international trade tends to be a neglected aspect of pure economic analysis.
To go one step further, I'd add that the the distribution of benefits from ANY economic activity tends to be a neglected aspect of pure economic analysis. Political economists are far more interested in who gains and who loses from a particular policy than pure economists are. IMHO, anyone interested in exploring this subject would generally be better off turning to political economists, or institutional economists like Mushtaq Khan (redistribution of rents) and Douglass North (transaction costs in relation to benefits from trade).
Free trade and procedural fairness
My colleague Lant Pritchett teaches a course on globalization with Larry Summers, and he invited me to his class recently to debate Summers on free trade. I used a few thought experiments to get students to understand how thinking about trade policy requires going beyond economics to considering...
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Mar 11, 2012
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