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Friday, December 2, 2016

Modern Day Mercantilism: Donald Trump Intervenes at Carrier


The tension between the free-market philosophy and mercantilism (e.g., an industrial policy) has been longstanding. I contend that the philosophy of international business (or international economics) is flawed terms of how far comparative advantage is applied, even at the expense of full employment at the city or country level. The case of Carrier in Indiana points to the legitimacy of government intervention even at the expense of comparative advantage.

The full essay is at "Modern Day Mercantilism."