I Think Stockman Is An

Most Work In Macroeconomics In The Past 30 Years Has Been Useless At Best And Harmful At Worst.

Our Grandfathers Lived In A World Of Largely Self-sufficient, Inward-looking National Economies - But Our Great-great Grandfathers Lived, As We Do, In A World Of Large-scale International Trade And Investment, A World Destroyed By Nationalism.

If You Want To Understand Opposition To Climate Action, Follow The Money.

Governments Do Not Necessarily Act In The National Interest, Especially When Making Detailed Microeconomic Interventions. Instead, They Are Influenced By Interest Group Pressures. The Kinds Of Interventions That New Trade Theory Suggests Can Raise National Income Will Typically Raise The Welfare Of Small, Fortunate Groups By Large Amounts, While Imposing Costs On Larger, More Diffuse Groups.

The French, Unfortunately, Actually Believe What They Say, And That Has Been Very Destructive.