There was a big debate about this in the economics profession in the early 1990s. Not one single economist argued about the direction of trade’s effect ? it was universally agreed that it was negative ...

This week “The Economist explains” is given over to economics. For each of six days until Saturday this blog will publish a short explainer on a seminal idea. DOES trade hurt wages? Or, more precisely ...

Paul A. Samuelson, author of the former Economics 1 textbook, will spend next year at Harvard as a visiting professor in the Department of Economics while on sabbatical from M.I.T. His stay will be ...

He presents a domestic societal explanation of the passage of the Smoot-Hawley tariff act of 1930. Eichengreen argues that economic interest groups were the key actor. Eichengreen asserts that certain ...