‘Trade is not a four-letter word’
While many Americans see today’s increasingly competitive global economy as contributing to the nation’s economic woes, UPS Chairman and CEO Scott Davis argued in a Tuesday talk at MIT that free trade...
View ArticleWhen (and where) work disappears
As the United States seeks to reinvigorate its job market and move past economic recession, MIT News examines manufacturing’s role in the country’s economic future through this series on work at the...
View ArticleOur complex food future and how to respond
Many researchers agree that climate change will cause more droughts in some regions, and floods in others. These changes will be bad news for farmers everywhere — right? Not necessarily, says new...
View Article3 Questions: Andrew Lo on JP Morgan’s multibillion-dollar trading loss
Earlier this month, heavyweight bank JP Morgan Chase announced it had lost at least $2 billion on a single trade — a figure that could grow as the firm struggles to unwind its position. The event has...
View ArticleEconomists find evidence for famous hypothesis of ‘comparative advantage’
David Ricardo’s concept of “comparative advantage” is one of the most famous and venerable ideas in economics. Dating to 1817, Ricardo’s proposal is that countries will specialize in making the goods...
View ArticleThe solar duel: China vs. the United States
In the past decade, the massive expansion of China’s production and export of silicon photovoltaic (PV) cells and panels has cratered the price of those items globally, creating tension between China...
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Advantage, Arnaud
If you start talking international trade with Arnaud Costinot, chances are he will have an advantage over you. Costinot, an MIT economist who specializes in trade, has an easy command of a large set of...
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