Bottom Line Blinder
By Bryan Caplan
Alan Blinder’s been making waves by fretting about outsourcing. But here’s the bottom line, via Mankiw:
After the Blinder-Bhagwati debate last week, there was a dinner at the Harvard Faculty Club at which Ben Friedman asked Alan a good question: Now that Alan has had this epiphany about offshoring, does he favor economic policies any different than he favored a decade ago? Alan thought about the question for a moment and then said no. I found that answer reassuring. My fear is that many politicians reading Alan’s work on offshore outsourcing will not come to the same conclusion.
Since I extensively relied on Blinder to illustrate my book‘s claim that economists agree to amazingly extent, I have to admit I’m relieved.