Tag Archives: Noah Smith

That trading thing people do

Canadian economist Nick Rowe made a comment on a blog post on comparative advantage that bugged me: The way I teach it, all gains from trade come either from differences between people, like comparative advantage, or else from economies of scale. So I think gains from trade is not more basic than comparative advantage. Gains […]

Social bully politics

I have previously articulated what I call the paradox of politics (or the paradox of rulership)–we need the state to protect us from social predators but the state itself is the most dangerous social predator. The paradox can never be solved, merely managed more or less well. The guardian delusion The delusion that one can solve […]