Free Trade and Retaliation Up to now, most of my arguments — and Kash’s — in favor of free trade have been premised on the idea that access to inexpensive…

Stiglitz on globalization: the MNE’s bought the law by Linda Beale Trans Pacific Partnership bad for the middle class, but how bad? by Kenneth Thomas Latest World Trade Organization lunacy…

…with a story yesterday from Spiegel Online International that pointed to Germany’s very large trade surplus, which is higher than China’s. “The Treasury’s semiannual currency report criticized Germany’s over-reliance on…

…a “trade deal” that mostly does not deal with trade. Of the 29 chapters in this document, only five cover traditional trade matters! The other chapters amount to a devilish…

Yves Smith and Dean Baker on Secrets in Trade…

…has weakened domestic demand implying an export-oriented growth model.” This news is not new. Michael Pettis has been writing about labor share’s effect on trade imbalances. But it is interesting…

…weakening the European project to boot. Meanwhile, the virtuous Germans keep on cranking out trade surpluses and have to bail out Greece, Ireland, Portugal, and Spain. And it’s pretty clear…

…capitalism, and will only worsen over time. His thesis is based on the relationship between the rate of return on capital, r, which includes profits, dividends, and interest, and the…

…“…even well-educated persons still occasionally speak of “laws of political economy” as being “violated” by the practice of statesmen, trades-unions and other individuals and bodies. You can’t “break” scientific laws….

…pound. Of course not every country can run a trade surplus all the time. For the world as a whole, the balance of trade is indeed a zero-sum game. There…