A lot of technological capital has to be absorbed person-to-person, and that happens more quickly if countries are economically integrated.
At some point, the spectacular growth in China has to stop.
Economic integration is the path to riches and peace.
Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.
I love creating models and coming up with explicit structures I can play with.
Of all the thankless jobs that economists set for themselves when it comes to educating people about economics, the notion that society is better off if some industries are allowed to wither, their workers lose their jobs, and investors lose their capital - all in the name of the greater glory of globalization - surely ranks near the top.