International Economics
by Krugman · first published 1999
3mentions
1recommended by
3HN commenters
2009–2025first – last mentioned
33% recommend67% neutral
Affiliate links. As an Amazon Associate I earn from qualifying purchases.
…profit. They don't take a hit of 250%, their profits are just reduced by ~2.5x. US has famously high drug prices due so cutting edge pharma makes much of its profits there. This is all standard 101 International Economics, Paul Krugman has written the standard textbook for it, it's a fun read.
on “US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief” ↗…implement in practice...many economists are skeptical about the infant-industry argument in principle...Protection is not necessary for an infant industry to grow." Paul Krugman spends a few pages on it in International Economics: Theory and Policy[2], saying "The infant industry argument seems highly plausible, and in fact it has been persuasive to many governments. Yet economists have pointed out many pitfalls in the argument,…
on “What happened to Argentina? ” ↗Perhaps we had the same textbook, because that's also where I heard that from. Krugman and Obstfeld, International Economics?
on “The subversive messages hidden in The Wizard of Oz” ↗