Dani And Me, We Gonna Fuck You Up
I'll do a more complete post with my thoughts on trade policy later. For now, I'll just note that Dani Rodrik seems to share my distaste for per se rules:
Our professional training prepares us to be analysts who can make contingent statements. Policy A is good if conditions X, Y, and Z are in place. Rule-of-thumb economists sweep all the caveats under the rug, and in the end, are not true to their training.
Our professional training prepares us to be analysts who can make contingent statements. Policy A is good if conditions X, Y, and Z are in place. Rule-of-thumb economists sweep all the caveats under the rug, and in the end, are not true to their training.
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