Don Boudreaux says, "the economist's question is 'as compared to what?'" In other words, what are the opportunity costs of a decision. http://cafehayek.typepad.com/hayek/2005/08/on_sweatshop_wa.html
Below is a link to a movie review. The movie supposedly 'humanizes trade' and 'the consequences of globalization.' I have not seen the movie, but the director (and reviewer) probably never asked the economist's question.
http://www.nytimes.com/2005/08/03/movies/03darw.html?th&emc=th&oref=login
Something has to come over on those planes that is more valuable than the fish they are sending back. Was life better when Tanzinians were subsistence farmers?
Below is a commentary asking the economist's question and debunking retro-hippie theory. Wal-Mart is not evil; they are just efficient. Wal-Mart decreases rural poverty without the help of any land grant universities.
http://www.nytimes.com/2005/08/03/opinion/03ghemawat.html?th&emc=th
Will the rural poverty experts will ever read this research?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment