When we talk about Industrial protectionism, it is common to think of underdeveloped countries and, in particular, Latin American countries during the period of import-substitution industrialization. However, there are other historical cases of interest.  For example, during the second half of the 19th century, trade policy in the United StatesRead More

The LSE’s Nicholas Barr explains why he will be voting to Remain in the EU referendum – citing a wide range of arguments about sovereignty, migration, international influence, regulation, democracy, trade and the single market to make his case. He concludes the economic and foreign policy costs of leaving are large, andRead More

This article was first published on Vox on May 26, 2016. Venezuela is in the midst of a stunning social, political, and economic collapse. The country of 30 million people is facing dire food and medicine shortages, frequent power outages, serious political unrest, the world’s highest inflation rate, rampant violentRead More

Capitalist institutions have clearly brought about a great deal of progress in what are today’s developed countries. It is therefore no wonder that the prevailing belief in institutional economics is that underdevelopment is chiefly a consequence of institutional shortcomings. The prevailing idea in the literature is that some countries haveRead More

The problems associated with the current wave of migration into Europe has put the debate about migration policy back at the top of the public agenda. Similar discussions will no doubt take place during the coming year as the United States gears up for its next presidential elections. Opinions andRead More