May 27, 2005
More on the Wright Amendment

Angela Shah at the Dallas Morning News takes a crack at explaining some of the issues around the Wright Amendment and actually tackles, however briefly, how economists would try to evaluate the impact of the amendment's repeal. Personally, I think she does a pretty good job.


From the article:

"There's economics and there's economics," said Craig Depken, a professor of economics at the University of Texas at Arlington, referring to the unique ability of the dismal science to sometimes enable conflicting analyses. "It depends on whose ox is being gored."

I actually meant to say something like "there's economics and then there's the bottom line," but oh well.

Some more:

Broadly speaking, economists have a philosophical allegiance to creating a marketplace free of protectionism.

So dueling opinions aside, Wright "is a textbook case of protectionism," said Michael Ward, a UT-Arlington associate professor of economics.

"This is one of the things we teach the students all the time. It's a standard midterm question, on the Wright amendment."

He started a petition signed by 20 other local economists advocating Wright's repeal.


I like the first paragraph touching on philosophy, although there are probably some who might take issue.

Posted by Craig Depken at 11:51 AM in Economics  ·  TrackBack (19)

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

Our Bloggers
Joshua Hall
Robert Lawson
E. Frank Stephenson
Michael C. Munger
Lawrence H. White
Craig Depken
Tim Shaughnessy
Edward J. Lopez
Brad Smith
Mike DeBow
Wilson Mixon
Art Carden

Blogroll

Search

Archives
By Author:
Joshua Hall
Robert Lawson
E. Frank Stephenson
Michael C. Munger
Lawrence H. White
Edward Bierhanzl
Craig Depken
Ralph R. Frasca
Tim Shaughnessy
Edward J. Lopez
Brad Smith
Mike DeBow
Wilson Mixon
Art Carden

By Month:
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004
September 2004
August 2004
July 2004

Powered by
Movable Type 2.661

Site design by
Sekimori

XML