Feed on
Posts
Comments

Here is Noah Smith on trade,

The development of these new models is good news for the economics profession. It means that mainstream economists are diversifying their approaches, supplementing their old simple models with new ones that recognize the fantastic complexity of the real-world economy

You mean, like Hayek and most real economists? Maybe the devil is in our differing interpretations of “mainstream?”  It would also be lovely to see a deeper discussion of where the desire for diversification versus total specialization blurs. After all, banking and finance theories do not encourage specialization at the product/investment/capital levels. And in 23 years in economics, I cannot recall ever reading something that said, “Country X should really just spend most of its time doing Y, that is a good way to develop.” Who said that? What books is that in? That seems to be a monstrous misapplication of simple comparative advantage, or a clarion call to the problems with representative agent, simplistic macro models.

The piece ends with:

Old development strategies based on simple approaches like deregulation and free trade might turn out not to be enough.

It is written to be a pragmatic statement. Perhaps I am too sensitive but I read it as combative and uncharitable. Maybe my reading, too, is uncharitable. But column space is limited and perhaps there was no room to elaborate or add nuance because again, I’d love to go find anywhere in any of the papers or texts I was provided with in both my undergraduate and graduate training that have as policy proscriptions, “deregulate! free trade!” … if you find those terms, you will surely see them with many caveats, with calls for appreciating the rich institutions those are embedded in, that a term like deregulate doesn’t exactly have clear meaning, and if indeed some author were promoting absolute laissez-faire, which almost none do, then the effect (or reason) for doing so is precisely because laissez-faire lets the so called thousand flowers bloom, and not the hyper-specialized problem-child development that the article is writing about.

59 Responses to “On Just Making Widgets”

  1. Asking questions are in fact good thing if you are not understanding anything fully,
    however this post provides pleasant understanding even.

  2. You really make it seem so easy together with your presentation however I in finding this matter to be really one thing which I feel I might never understand.
    It sort of feels too complex and very wide for me.
    I am taking a look ahead in your next post, I will
    try to get the hold of it!!

  3. bij nl says:

    Hey there! Do you know if they make any plugins to help with SEO?
    I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good gains.

    If you know of any please share. Thanks!
    You can read similar art here: Warm blankets

  4. chat says:

    769999 262108This is such an excellent post, and was thinking significantly the same myself. One more wonderful update. 778347

  5. live cams says:

    348693 596786That is some inspirational stuff. Never knew that opinions could be this varied. Be certain to maintain writing. 708528

  6. my webcams says:

    577430 959814Greatest fighter toasts ought to entertain and supply prize on your couples. Initially audio system next to obnoxious crowd would be wise to realize 1 specific gold colored strategy as to public speaking, which is personal interests self. very best man jokes 477860

  7. Spot on with this write-up, I absolutely believe this web site needs far more attention. I’ll probably be returning to see more, thanks for the information!

  8. Hey there! I simply would like to offer you a big thumbs up for the great info you have got here on this post. I am coming back to your web site for more soon.

  9. free cams says:

    806695 256069A lot of thanks I ought say, impressed together with your website. I will post this to my facebook wall. 653970

  10. binance says:

    Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?

  11. berita dana says:

    UID_74743238###
    Ini dia! ASN BKN Ubah Pola Kerja yang baru dan efisien! .

  12. berita dana says:

    UID_83344528###
    Inilah Pupuk Inovatif Kebun Riset Kujang yang bikin Wamen BUMN bangga!

  13. berita dana says:

    UID_21891068###
    Takjub dengan fenomena serbu gas? Yuk, baca Warung Tatang Diserbu Warga dan temukan faktanya! ️‍♀️

  14. UID_95859078###
    Baru-baru ini, para pemain Mahjong Wins 3 dikejutkan dengan bocoran RTP yang diklaim bisa meningkatkan peluang kemenangan secara signifikan. Banyak yang percaya bahwa informasi ini membantu mereka mendapatkan hasil yang lebih konsisten dalam permainan. Jika Anda ingin tahu lebih lanjut, cek bocoran RTP Mahjong Wins 3 hari ini dan lihat apakah strategi ini benar-benar efektif.

  15. UID_57331425###
    Skandal terbaru mengguncang komunitas pecinta game slot setelah seorang admin terkenal, Rachel, dikabarkan tertangkap membocorkan pola kemenangan Gate of Olympus. Banyak yang bertanya-tanya apakah informasi ini benar-benar akurat atau hanya sekadar rumor yang beredar di kalangan pemain. Simak lebih lanjut detailnya dalam artikel admin Rachel tertangkap bocorkan pola Gate of Olympus.

  16. UID_17136916###
    Kisah inspiratif datang dari seorang tukang ojek online asal Tangerang yang berhasil membawa pulang hadiah fantastis setelah bermain Mahjong Ways 2. Dengan modal kecil, ia sukses mengubah nasibnya dan meraih kemenangan besar senilai 200 juta rupiah. Penasaran bagaimana caranya? Simak kisah lengkapnya di artikel tukang ojek online menang 200 juta dari Mahjong Ways 2.

  17. UID_87427935###
    Cek yuk! ‍♂️Operasi Keselamatan 2025 Polres Ciamis Siapa tahu bus favoritmu jadi sasaran!

  18. UID_18563832###
    Ini yang di ganti >>> Yuk, ketahui lebih lanjut tentang Syarat Gabung OECD dan Pentingnya Ratifikasi Konvensi Antisuap di sini! ️‍♀️.

  19. UID_83003169###
    Kenalan yuk! Dengan guru inspiratif ini, Guru Dede Sulaeman yang mengajarkan cara merapikan pakaian di kelasnya.

  20. UID_97211224###
    Yuk, sehat bersama! ‍⚕️‍⚕️ Cek kondisi tubuh kamu di Program Cek Kesehatan Gratis sekarang juga! ️ Selalu jaga kesehatan, ya!

  21. indo viral says:

    UID_42868144###
    wadidawwwwwwwwwwww

  22. indo viral says:

    UID_57599291###
    wasiaaaappppp

  23. indo viral says:

    UID_29225695###
    Waspada! Baca artikel Pengemis Kediri Raup Rp 40 Juta sebelum Anda memberi donasi!

  24. indo viral says:

    UID_11426154###
    Bergabunglah dengan agen Toto Play untuk menikmati permainan taruhan online paling seru dan menguntungkan!

  25. indo viral says:

    UID_49830205###
    Situs terpercaya Agentotoplay siap memberikan pengalaman slot online terbaik dengan kemenangan maksimal!

  26. indo viral says:

    UID_21023438###
    Cerita inspiratif! Yuk, simak kisah Sudjat, Penjelajah Jipang yang tetap semangat menjajakan dagangannya di usia 72 tahun.

  27. indo viral says:

    UID_58463375###
    Jangan lewatkan! Rizki dan Pengalaman Memanfaatkan Cek Kesehatan Gratis Bayar? Pikir dua kali! .

  28. indo viral says:

    UID_39035559###
    Jangan ketinggalan film terbaru hanya di lk21.

  29. indo viral says:

    UID_57949577###
    Agen Toto Play menghadirkan pengalaman bermain slot online dengan RTP tinggi dan bonus melimpah setiap hari!

  30. indo viral says:

    UID_87472693###
    Bergabunglah di Agen Toto Play sekarang dan nikmati berbagai promo menarik serta free spin setiap hari!

  31. indo viral says:

    UID_80701695###
    Dengan Agen Toto Play, setiap putaran slot menjadi kesempatan emas untuk menang besar dan membawa pulang hadiah!

  32. indo viral says:

    UID_88654138###
    Nonton film dengan subtitle Indonesia hanya di idlix.

  33. indo viral says:

    UID_86325828###
    Temukan film favoritmu di layarkaca21 dengan resolusi terbaik.

  34. indo viral says:

    UID_40963841###
    Pengen streaming film terbaru? Langsung ke rebahin sekarang!

  35. indo viral says:

    UID_44216097###
    Ayo nikmati koleksi film keren di rebahin sekarang.

  36. indo viral says:

    UID_14517542###
    Nonton film tanpa batas di rebahin.

  37. indo viral says:

    UID_87212262###
    Tonton film terbaru di indoxxi dengan subtitle Indonesia.

  38. indo viral says:

    UID_27011249###
    Jangan sampai ketinggalan film terbaru di indoxxi.

  39. indo viral says:

    UID_90808003###
    Nonton film seru dan gratis hanya di layar kaca 21.

  40. indo viral says:

    UID_83731332###
    Streaming film jadi lebih mudah dengan layar kaca 21.

  41. indo viral says:

    UID_97407895###
    Yuk, maraton film di layar kaca 21 sekarang!

  42. indo viral says:

    UID_28890956###
    Temukan film dengan kualitas terbaik di layar kaca 21.

  43. indo viral says:

    UID_70329956###
    Film terbaru selalu update di layar kaca 21.

  44. indo viral says:

    UID_47000771###
    Streaming lebih seru di lk 21 tanpa buffering.

  45. indo viral says:

    UID_60201981###
    Jangan lewatkan film terbaru di lk 21.

  46. indo viral says:

    UID_23842789###
    Nonton film gratis di lk 21 sekarang!

  47. indo viral says:

    UID_32188467###
    Temukan film favoritmu di lk 21.

  48. indo viral says:

    UID_88860628###
    Streaming film favorit lebih mudah di dunia21.

  49. indo viral says:

    UID_73315471###
    Update film terbaru setiap hari hanya di lk 21.

  50. indo viral says:

    UID_59843783###
    Nonton film tanpa batas hanya di dunia21.

  51. indo viral says:

    UID_41220821###
    Pengen maraton film? Coba nonton movie sekarang!

  52. indo viral says:

    UID_86666902###
    Ini yang di ganti >>> Wah, kamu tau gak sih? 79 Desa di Jawa Barat jadi Sarang PSK Menurut Pj Gubernur loh! .

  53. indo viral says:

    UID_55058959###
    Inilah berita terbaru! Bareskrim Diminta Tetapkan Kades Kohod sebagai DPO! Apa tanggapanmu?

  54. indo viral says:

    UID_71145013###
    Ini dia! Fenerbahce Dekati 16 Besar Liga Europa dengan kemenangan spektakuler! ⚽️

  55. lk21 says:

    UID_44053434###
    test morning

  56. Jopstx64 says:

    UID_70854539###
    Berkomitmen untuk inovasi berkelanjutan dan manajemen proyek konstruksi yang profesional, kami siap menjadi mitra terpercaya Anda dalam mewujudkan proyek konstruksi berkualitas tinggi.

  57. jinda888 says:

    435690 182978Sweet internet web site , super style , actually clean and utilize genial . 391769

  58. 697875 244461Somebody necessarily support to make seriously articles I might state. That will be the quite initial time I frequented your internet page and to this point? I surprised with the research you produced to make this actual put up wonderful. Wonderful task! 207246

Leave a Reply