Episode · EconTalk · 2024-12-09
Russ Roberts & Scott Sumner: books mentioned on EconTalk
Why Industrial Policy Is (Almost) Always a Bad Idea (with Scott Sumner)
Tariffs are in the air. Will they help or hurt Americans?
Scott Sumner recommended Pop Internationalism by Paul Krugman. Russ Roberts discussed The Wealth of Nations by Adam Smith.
Books mentioned, in the order they came up
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Pop Internationalism
Pop Internationalism by Paul Krugman is an influential collection of essays that critically examines popular misconceptions surrounding international trade and global economics.
Recommended“uh I could Point people to Paul krugman's book pop internationalism which does a very effective job of um refuting many of these uh mercantilist ideas”
Where to get it
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The Wealth of Nations
The Wealth of Nations by Adam Smith is a foundational 1776 text by the Scottish thinker often regarded as the father of modern economics, exploring free markets, capitalism, and the mechanics of national wealth.
Discussed“and of course Adam Smith saw a lot of things in The Wealth of Nations but one of them that he spends time on is why that is not the right way to think about well-being”
Where to get it
Other mentions in this episode (1) — ad reads, self-promotion and passing references, never counted
Plugged The Choice
“my first book which is on all these topics we're talking about we'll link to it is was called the choice a fable of free trade and protectionism”