Free & Fair Trade

By |2020-06-24T17:09:51-04:00May 1st, 2017|Categories: Society|Tags: , , |

Free trade and the global movement of goods and services have been under political attack from the left for quite a while.  Now these ‘socialists’ have been joined by America-Firsters and other ‘My Country, Everyone Else Be Damned’ groups on the Right.  These people, who agree on little else, sing from the same hymn book on free trade and the song they sing most often is the one about the flight of manufacturing jobs  from Frank in Toledo to Pedro in Mexico City or Pho Bang in Vietnam.  This refrain, conjuring up as it does an image [...]

Unintended Consequences

By |2020-04-25T10:15:05-04:00April 18th, 2014|Categories: Society|Tags: , , |

I was reading the Economist the other day, and an item in the back pages got me thinking about the Law of Unintended Consequences. The LUC is pervasive and profoundly important, yet I know of not a single scholarly treatment of this subject. Of course,if such a treatment did exist, it would be a litany of sometimes comic, sometimes tragic and often perverse failures, a gloomy, but instructive tome replete with hubris and the comeuppance of overly-ambitious social engineers. Sounds like my kind of subject, so let me explain what I mean by the LUC and why [...]

Broken Politics

By |2020-05-02T09:35:59-04:00January 10th, 2014|Categories: Society|Tags: , , , , |

Many Canadians have expressed considerable bewilderment at what is going on in Washington these days. Oh civility, where art thou?  Why do so many members of Congress seem to be breaking bad and letting partisanship trump (oops, was that a pun intended?) 'the better angels of their nature'? Some points seem obvious. The incumbency problem — the ease with which most members of Congress get re-elected reduces their responsiveness to the harassed electorate — like Walter White many members suffer from delusions of infallibility; and unlike Walter, almost never receive reality checks. (This speaks more generally to [...]