Economics may be the dismal science, and economists may be boring, but there really are a few eternal economic truths worthy of inscription in stone. The quantity of a good demanded declines as its ...

As tariffs and trade deals make headlines, here’s a perfect puzzle: Why, as tariffs fell and supply chains expanded in the late 20th and early 21st centuries, did many economies fail to see the ...

Journal of Economic Integration, Vol. 34, No. 2 (June 2019), pp. 236-279 (44 pages) This paper assesses the ex-post effects on the international trading system of eighteen pluri-lateral regional trade ...

Fresh out of graduate school, economist Samuel Kortum ’92 Ph.D. began collaborating with Jonathan Eaton ’73 M.A., ’76 Ph.D. while both were on the faculty of Boston University. Kortum, now the James ...

This might be more of interest to the economics wonks than the technical ones but we have a nice little illustration here of one of the central tenets of Paul Krugman's "new trade theory" here, the ...

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...

Trump’s tariffs have sent the world into a frenzy but there could be method yet. Economic theory shows that tariffs can in some cases reduce prices, writes Paul Ormerod The reactions to President ...

This article is a wonky edition of Paul Krugman’s free newsletter. You can sign up here to receive it. For many of us, Chad Bown of the Peterson Institute for International Economics — a boutique ...