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David Ricardo

Bring on the Robots, Please!

Robert D. Atkinson, Ph.D. | Posted 02.01.2017 | Business
Robert D. Atkinson, Ph.D.

John Maynard Keynes once famously said that the difficulty lies not so much in developing new ideas but in escaping from old ones. And one of the oldest and most pervasive and pernicious economic ideas is that technology kills jobs.

Obama Scolding Elizabeth Warren Should Not Deflect Need for Real Debate Over Trade Pact

David Paul | Posted 05.11.2016 | Politics
David Paul

President Obama's stance on TPP is that Americans should trust him. But even for those who fundamentally support free trade, the experience of the last half-century is hard to square with the president's conviction.

Thomas Piketty's Model of Inequality and Growth in Historical Context (Pt. I)

Mary Manning Cleveland | Posted 09.17.2014 | Business
Mary Manning Cleveland

In Thomas Piketty's doomsday model, slowing of growth in the 21st century will cause an inexorable increase in inequality. Piketty is not the first to...

Yes, Virginia, There Is a Legitimate Case Against Free Trade

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

Serious economists actually recognize a number of very serious criticisms of free trade -- even economists who ultimately decide that free trade is better than the alternatives.

Manufacturing and the Limits of Comparative Advantage

Ralph Gomory | Posted 05.25.2011 | Business
Ralph Gomory

Vague talk about future innovations, a post-industrial society, or an explosion of services exports is not the stuff on which to bet the prosperity of a nation.