Trump has put tariffs on the economics agenda in a way that hasn’t been true for decades. As a new semester of principles of economics begins, here are some resources for teaching tariffs.
Comparative Advantage (video)
The Microeconomics of Tariffs and Protectionism (video)
Why Do Domestic Prices Rise with Tariffs? (post)
Trade Diversion (Why Tariffs on More Countries Can Be Better) (post)
Manufacturing and Trade (post), Manufacturing Went South (post) and Tariffs Hurt Manufacturing (post)
Three Simple Rules of Trade Policy (Lerner symmetry, imports are inputs, trade balances and capital flows; post)
Tariffs and Taxes (post), Tariffs are a Terrible Way to Raise Revenue (Albrecht post) and Consistency on Tariffs and Taxes (post)
Globalization: Economics, Culture and the Future (video)
The Tariff Tracker, great source for real time tracking of prices such as below (the data can be downloaded):
The post Resources for Teaching Tariffs appeared first on Marginal REVOLUTION.
Creative Destruction in a Nutshell
A good figure from the Nobel Prize Foundation’s Scientific Background to the Mokyr, Aghion and Howitt Nobel. The figure shows...
Democracy and Capitalism are Mutually Reinforcing
Many people argue that democracy is incompatible with capitalism but they differ on whether democracy will kill capitalism or whether...
Ian Smith’s memoir *Bitter Harvest: The Great Betrayal*
Yes he used to run Rhodesia, and yes it is costly to buy this book because no one wants to...
The ai Boom
The tiny country of Anguilla (pop 15,000) has an official country top-level domain code for the internet of .ai. Domain...
