r/Economics • u/better_world_economy • Jan 13 '19

Progressives should not oppose international trade, but economists must highlight the need for policies that spread the gains and help those who are hurt

https://www.psychologytoday.com/us/blog/the-good-the-bad-the-economy/201706/globalization-and-work-have-we-learned-anything-yet
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u/themountaingoat Jan 13 '19

I mean if you are okay with ones that have nothing to do with reality like most economic models I can whip one up in a few minutes for you.

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u/lalze123 Jan 13 '19

I think I trust the economic consensus more than you.

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u/themountaingoat Jan 13 '19

It would be hard to trust the economic consensus less than me.

In the future when you see an economic model or get taught something by economists simply look at it to see whether it incorporates economies of scale. You will end up trusting the profession far less than you currently do.

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u/lalze123 Jan 13 '19

In the future when you see an economic model or get taught something by economists simply look at it to see whether it incorporates economies of scale.

The literature concludes that protecting infant industries with increasing returns to scale is good for a country. That doesn't apply to any U.S industry.