« On the dynamic effects of trade | Main | Oligarchic capitalism in one country »

April 29, 2007

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c891753ef00d834f940ec53ef

Listed below are links to weblogs that reference Trade and prices: an attempted summary:

Comments

radek

I've heard 4 before stated as:
"For any policy prescription there is SOME model of optimizing behavior which justfies it" and referred to as The Summers Meta Theorem.

bill

On the last point -- that's why your arrival at the blogosphere is such a great thing. Thank you dr Rodrik

Michael Greinecker


"Throw in some scale economies (dynamic or otherwise), and then just about anything can happen (including free trade making some countries worse off)."

While literally true, it kinda implies that free trade cannot make some countries worse off without scale economies. This depends on the social welfare function and the possibilities of redistribution.

Stephen Gordon

Doesn't freer trade have pretty much the same effect on the macroeconomy as technical change? So why not interpret the effects of freer trade as we would a positive supply shock (complete with an analysis of the winners and losers)?

Michael Greinecker

That´s true, but with scale economies you can also get in technological lock-in, being on the wrong path.

And technological transfer can work like negative supply shock, as Samuelson eloquently argued in "Where Ricardo and Mill Rebut and Confirm Arguments of Mainstream Economists Supporting Globalization".

Btw: How can one link in comments here?

jim casey

What about the environment? The discussion of relative prices is important, but what if those prices do not reflect the true costs of production and consumption?

DM

Let us say an new barber moves into my neighborhood. He offers the same quality service as my old barber, but is cheaper. So I use the new barber.

A factory in China can make the the same socks, but for less than a factory in North Carolina. So I decide to buy my socks from China.

Why is it that Dani wants interfere with my sock purchases, but not where I get my haircut? You can tell the same negative externality story for both the barber and the North Carolina sock maker.

Consider these other negative externalities created by free choice:

Foreign professors at Harvard create negative externalities for Americans who want to work there.

Foreign students create negative externalities by taking spots that could have gone to Americans.

My purchase of a book from Amazon.com and not my local bookstore created a negative externality in my home town.

I choose to take a ski trip in Colorado instead of Vermont. This created a negative externality in New England.



Cassandra

Mr Mclean - What about the vast and complex web of dependancies inherent in every step of purchasing and manufacturing? An admittedly unscientific, but intuitive examination exposes that there is far more interconnectedness amongst us, and our economic relations with out neighbors, and that so long as nation-states exist, and communities are tied by things other than geography, the complete impact of our actions (environmental and social externalities aside) are felt long after and by far more people , than the objection you raise of "why someone would want to interfere with my purchasing decision".

There is perhaps an immediate and overt welfare loss to you if you pay a few pennies for your Shanghai booties vs. Burlington , NC-print booties. But to what extent does that come back to YOU, as the fiber-suppliers, and their shippers, the textile machinery mfgs, their agents, and the textile machinery mechanics, and their machinery company's subcontractors, the dyer-seller, and their supply-chain web,the NC factory employees, the NC mfgrs insurance co. and their bank, and the local catering businesses, co, as well as that of all the employees, and all the consumables used by everyone in the web, and at the end of it, yes maybe its just a pair of socks, but might the resultant economic cascade that is captured locally, regionally, nationally, feedback virtuously to oil THIS geographically local web, rather than "outsourcing it" abroad, and donating the entire web to China?

And there is (or should be) a rational hierarchial preference, where it may not matter who "owns" the enterprise , or the national origin of the professor, but it matters whether and how the dependancy web is fed in the local economy. For America, it IS objectively better to have a Toyota plant in Tennessee than import the fullly assembled cars from Aichi. And its even better if the supply chain manufactures local. And even better still if engineering, design , marketing and finance are local. The richer and more localized this web across a variety of dimensions, the healthier and more virtuous the feedback loop across many sectors of the large economy. And then there are the externalities that cut across many dimensions as well.

Yes, maybe it's a just a pair of socks, but being presumptuous, I don't think Dani wants to interfere as much as highlight that what goes around comes around...

DM

Cassandra,

Thanks to trade with China, I spent less last year on socks, so I took my savings and I went out to dinner in Boston. The web of losses that you describe in NC are offset by a web of gains in Boston. Restrict trade, and I pay more for my socks, do not eat dinner in Boston, and the web of losses you described in NC happens in Boston.

I am better off because I have the socks and dinner, whereas if we did not trade I would only have the socks.

I can also apply your argument to my ski trip. I went to Colorado, so New England ski resorts and their supply chains suffered.

I moved from Boston to New York. Evil me! Now the grocery stores, restaurants, barber, dentist, landscaper, etc. in Boston that I use to do business with have suffered, as will everyone that they do business with, and who they do business, with and so on.


air jordan shoes

I love air jordan shoes .

Ugg london

Don't waste your time on a man/woman, who isn't willing to waste their time on you.

chi flat iron

CHI flat iron by Farouk system. Direct from the manufacturer, this genuine Chi ceramic iron comes with valid, one year warranty!

chi hair straightener

great ,I like it

Jordans

Nice, accurate and to the point. Not everyone can provide information with proper flow. Good post. I am going to save the URL and will definitely visit again. Keep it up

video commercial

The television commercial is generally considered the most effective mass-market advertising format as is reflected by the high prices tv networks charge for commercial airtime during popular tv events.

Mens Ties

The double-breasted jacket is slightly more modern than the single-breasted and less formal while it was originally considered acceptable only for wear at home similarly to Prince Albert slippers or a smoking jacket, it is now equally correct in all situations though traditional rules regarding slightly different selections of accessories may be followed.While more common with a peaked lapel,a shawl lapel is appropriate.All buttons that can be done up, are, including any inner ones which might normally be left undone on a double-breasted lounge suit.While two-button variants are sometimes seen, the traditional single-breasted jacket has a one-button closure.

rado watches

Why is everyone just montblanc watches willing to accept power cuts? Don't you think that patek philippe watches having continious power is your right? If people aren't going to demand rado watches 24X7 power, don't expect anything zenith watches to change. The government needs to look at other sources parmigiani watches of power generation. The only solution is more power panerai watches production. Nothing less.
http://www.watchvisa.com/montblanc-watches.html
http://www.watchvisa.com/patek_philippe-watches.html
http://www.watchvisa.com/rado-watches.html
http://www.watchvisa.com/tudor-watches.html

best dental plans

Buccal pits are found on the facial surfaces of molars. For all types of pits and fissures,the deep unfolding of enamel makes oral hygiene along these surfaces difficult,allowing dental caries to develop more commonly in these areas.

affiliate

who isn't willing to waste their time on you.

Cheap auto Insurance

An insured driver with a combine single liability limit strikes another vehicle and injures the driver and the passenger.

generic viagra

Create crazy hair toys for kids and his classmates with fun extension activities for Crazy Hair Day! These printable worksheets include a connect-the-dots activity, an art project, a coloring sheet, and a matching game -- all about crazy hairstyles

sildenafil citrate

i am going to get my hair cut soon...
what are some cute hairstyles that arent too short
(i need to be able to put my hair up for cheerleading & i dont want my hair above my shoulders)
links would be greatly appriciated :] thanks

rolex watches

People usually say :"Seeing is believing." http://www.tt88times.com
Each attempt has a corresponding gain, in part or obvious, or vague. At least we have the kind of satisfaction After I bought this watch ,in a sense,it means a great deal to me. http://www.fashionhairfu.com

rolex watches

People usually say :"Seeing is believing." http://www.tt88times.com
Each attempt has a corresponding gain, in part or obvious, or vague. At least we have the kind of satisfaction After I bought this watch ,in a sense,it means a great deal to me. http://www.fashionhairfu.com

logo design

This must be a great debate i have read on blog.

tiffany jewelry

At present this season's jewelry.

Jordan  2

So cute! So shocking and great! It's so lucky for me to find your blog! I love this post with lots of information! All that here catch the of fashion, which are lovely designs!

generic viagra online

I appreciate this theory.The content is new and informational.Where did you get this thought from?Appreciable work?You must have researched a lot..!

Wood Pellets

So good blog. Go on, please.

MBT Shoes

Thank you for introducing me the useful information.And .....Totally boring. can you tell me where is the red and gold colors...? I predict a very low seller....I look forward your answer.thank you!

cara meninggikan badan

The positive spin: This does not diminish the value of economic modeling; it simply means we have to be more careful with generalizations and be more explicit about the assumptions that lie behind our reasoning.

Nike Air Jordan

At present this season's jewelry.

cheap viagra online

Discussion of relative prices of goods is really helpfull....

........at least for Alex

tinggi badan

Bottom line: It is possible to have an illuminating (sometimes), intelligent (mostly), and entertaining (almost always) economic debate in the blogosphere.

replica rolex paypal

私はアメリカではないので、ブログの記事は、よく書かれて、私はとても好き読み取り、すべての単語の私は非常に理解、ほとんどまだ読んでいないが、私はあなたの資料では、知識を学ぶことを望んでまた、我々は良い友達になることを願って。ありがとうございました! !

asics shoes

I was so fortunate to encounter the author Thank you very much.

Business Logo

Nice article..! I like the way you raise the topic, it's quiet interesting.

adda

Shanghai World Expo 2010 opened soon in China, Xinhua News Agency, Shanghai, April 19 -, links of london Seen everywhere from the "Treasure" to the cultural venues in the fiery show rehearsal, links of london charmsand links of london jewelry as one of the exhibits to show the world, links of london jewelry of various styles, links of london braceletquality assurance, excellent after-sales service, product style, the perfect combination of fashion and classic, elegant and noble, all have a unique display of personalized beauty.

acne scar removal

I dissagree with some comments. They talk about different things, looks like they didn't even read your article.

Hair Loss Products For Men

If we look forward, I think it will change very much.

Sterling silver belly rings

This is a beautiful project, very interesting, although I fear that will remain only a prototype or a good idea

4 week cna classes

...it is impossible for the Reagan generation to provide any reputable resolve but rather the generations not yet born who will understand Ronald Reagan as
a true traitor to the People...

cool electronic gadgets

cool electronic gadgets  cool usb gadgets cool computer gadgets spy kids gadgets cell phone signal jammer Wireless Spy Gadgets Wireless Handheld Baby Monitor Walkie Talkie cool computer keyboard usb fans for laptops water glow led faucet light car air purifier ionizer Humanoid Light Control Lamp wooden alarm clock Portable Watch MP3 Player MP4 Digital Watch player wireless digital picture frame LED Digital Wrist Watch Portable Digital E-book Reader antique cigarette lighters LED Light Laser Pointer Digital Video Glasses Vertu Ascent Replica wrist watch mobile phone Cool Bluetooth Bracelet


Korea Flower Delivery

I found so many interesting stuff in your blog especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the enjoyment here! Keep up the good work.

Colts Jerseys

I read posts often, even on this side, and I think it is great.

lachou

I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.
http://www.cheapsaleing.com
http://www.nikeairmaxshoe.ocm

aiden smith

WELL SAID

QH Logo Design Guru - Custom logo Design Company

strapping machinery

Leaving a comment is the biggest support to Blogger.Thanks!

Website Design and Maintenance Agreement

oh interesting! that's quite an information there and i think it IS a site that is to be reckoned with if you own a small business and you need to be on top of what people are saying about you now.

mbt shoes

I am a senior student too, I Love this post as i love study english, This article is to my feelings, thanks for your sharing, hoping to see more useful content.

viagra generic

Your blogs has lots of information, thank you.

jordan shoes

Thanks for sharing your article. I really enjoyed it. I put a link to my site to here so other people can read it. Came across your blog when I was searching bing I have found the bit of info that
I found to be quite useful.

cheap jordans

I think this is a great post. One thing that I find the most helpful is number five. Sometimes when I write, I just let the flow of the words and information come out so much that I loose the purpose. It’s only after editing when I realize what I’ve done. There’s defiantly a lot of great tips here I’m going to try to be more aware of.

authentic jordans

Very interesting issue that after a very successful. Nicely written article good work ! Thanks for the great piece of sharing.

jordan shoes for sale

Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.

jordan shoes for sale

Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.

jordan shoes for sale

Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.

jordan shoes

It's good to see this information in your post, i was looking the same but there was not any proper resource, than now i have the link which i was looking for my research.

LOGO DESIGN

i enjoyed reading your blog. It was very interesting and informative.

nike air max 2009

The 2010 FIFA World Cup is right around the corner

nike air max 2009

Good news,in here we will troduce

nike air max 2009

Good news,in here we will troduce

ugg outlet

good story

ugg boots

i agree with you!your sayiing is right!

ugg boots sale

i agree with you!your sayiing is right!

p90x

I provide information that is truly unique and the service they offer too have lived, I love this service so I request please visit the others.

Mortgage Refinance

The blog was absolutely fantastic! Lots of great information and inspiration, both of which we all need!

gucci outlet

Thanks for this post. You know, I'd really appreciate a post where you suggested news sources that you consider good ones.

gucci outlet

Thanks for this post. You know, I'd really appreciate a post where you suggested news sources that you consider good ones.

ugg shoes

These days UGG boots have become trend footwear. Manufactured up of 100% sheepskin, these boots maintain your toes snug and dry. They became well-known specifically throughout Earth Wars. Aviators for keeping their feet warm utilized them. Throughout 1960s Australian surfers had been also seen putting on these boots for warming their ft after riding waves. The Australians also applied to wear them in home in the course of mild winters. Nonetheless, now Uggs are a craze all over the planet, and has proved to be a hit in both heat and cold countries alike.

ugg shoes

These days UGG boots have become trend footwear. Manufactured up of 100% sheepskin, these boots maintain your toes snug and dry. They became well-known specifically throughout Earth Wars. Aviators for keeping their feet warm utilized them. Throughout 1960s Australian surfers had been also seen putting on these boots for warming their ft after riding waves. The Australians also applied to wear them in home in the course of mild winters. Nonetheless, now Uggs are a craze all over the planet, and has proved to be a hit in both heat and cold countries alike.

ugg shoes

These days UGG boots have become trend footwear. Manufactured up of 100% sheepskin, these boots maintain your toes snug and dry. They became well-known specifically throughout Earth Wars. Aviators for keeping their feet warm utilized them. Throughout 1960s Australian surfers had been also seen putting on these boots for warming their ft after riding waves. The Australians also applied to wear them in home in the course of mild winters. Nonetheless, now Uggs are a craze all over the planet, and has proved to be a hit in both heat and cold countries alike.

ugg shoes

These days UGG boots have become trend footwear. Manufactured up of 100% sheepskin, these boots maintain your toes snug and dry. They became well-known specifically throughout Earth Wars. Aviators for keeping their feet warm utilized them. Throughout 1960s Australian surfers had been also seen putting on these boots for warming their ft after riding waves. The Australians also applied to wear them in home in the course of mild winters. Nonetheless, now Uggs are a craze all over the planet, and has proved to be a hit in both heat and cold countries alike.

ugg shoes

Ugg boots are well-liked for decades. Winter boots pilots who wore uggs to retain as comfortable as doable through the Initial Earth War, the Globe broad web users who use uggs loved the beach, girls commenced within the earth inside course of its rebirth in 2003, uggs, Ugg fans cover a extensive spectrum of people.

ugg shoes

Ugg boots are well-liked for decades. Winter boots pilots who wore uggs to retain as comfortable as doable through the Initial Earth War, the Globe broad web users who use uggs loved the beach, girls commenced within the earth inside course of its rebirth in 2003, uggs, Ugg fans cover a extensive spectrum of people.

ugg shoes

Ugg boots are well-liked for decades. Winter boots pilots who wore uggs to retain as comfortable as doable through the Initial Earth War, the Globe broad web users who use uggs loved the beach, girls commenced within the earth inside course of its rebirth in 2003, uggs, Ugg fans cover a extensive spectrum of people.

ugg shoes

Ugg boots are well-liked for decades. Winter boots pilots who wore uggs to retain as comfortable as doable through the Initial Earth War, the Globe broad web users who use uggs loved the beach, girls commenced within the earth inside course of its rebirth in 2003, uggs, Ugg fans cover a extensive spectrum of people.

Belarus Potash Company

That's great that you think in this way there's many times that people get boring reading a book.

ugg boots

I just walk around, suprised by your blog,please give more information.

ugg shoes

I just walk around, suprised by your blog,please give more information.

ugg womens boots

I just walk around, suprised by your blog,please give more information.

ugg womens shoes

I just walk around, suprised by your blog,please give more information.

ugg boots

I just walk around, suprised by your blog,please give more information.

ugg shoes

I just walk around, suprised by your blog,please give more information.

Moncler sale

An insured driver with a combine single liability limit strikes another vehicle and injures the driver and the passenger.


Coach Wallets

The innovative design with super quality and shinny colors with different styles make clearance Coach Wallets on sale at coachoutletvip.com become one of the most popular brand wallets all over the world, content with coach mens wallet cheap on sale and discount coach purses for women. With help of multilayers inside design from cheap coach wallets outlet for sale, you can collect different kinds of cards and put money inside that you want to. I'm sure you'll find what you want among the great amount of clearance coach purses on sale here. Welcome to coach online store and buy them now. Enjoy the fashion world now.

Emu Boots

So keep your transmission up to date by regular visits to your mechanic and watch (and listen) for signs that it is starting to have problems. If you follow these two guidelines, you shouldn't have extreme problems with your transmission.

pandora-bracelets-australia

It's in the question itself. Of course, people can't afford if the price is too high for the minimum food they eat.

w.a.

i think that s enaugh of different kind of resume

Symis Int'l

Really nice and amazing...

David Brown
http://symis.com

custom logo designs

Excellent indeed. I have been looking for this information.

Account Deleted

Savers point is here to help. Whether you are inquiring about Dubai, Dubai Business or for general inquiries you have come to the right place.

Childrens Fashion

Account Deleted

I think I acknowledged your point @ 1:25, right?

Sorry - I thought that was sarcasm. If you actually meant it as written, I apologize for the tone of my response. cna classes in louisville ky

Account Deleted

raf

Thanks a lot for article.

3Dhomemovies

I always appreciate reading your posts. They are insightful and I look forward to your next post. 3D TV

Account Deleted

I appreciate this theory.The content is new and informational.Where did you get this thought from? levitra onlineAppreciable work?You must have researched a lot..!

Account Deleted

http://www.raf.web.tr

Thanks so much for sharing.

Account Deleted

You have unique business goals and you need someone to make the vision of small businesses in real presence on the Internet.

Web Application Development

Account Deleted

we are china wholesale beads store, and welcome to visit http://www.zacoo.com

Account Deleted

Sure, I do agree on all your points.

The comments to this entry are closed.