Offshore Face-Off: Paul Craig Roberts vs. Jagdish Bhagwati

Moving jobs overseas can cut a company’s costs. But is it bad for the U.S. economy? Two economists debate the issue. By TIMOTHY AEPPEL  Staff Reporter of THE WALL STREET JOURNAL May 10, 2004; Page R6 Does offshore outsourcing hurt the U.S. economy by draining away jobs and investment, or does it ultimately make the U.S. stronger? Is it a cost-cutting tactic that should…

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Memoir & Critique – My Time with Karl Marx

This article appeared in the Spring 2004 issue of The Independent Review My path to Karl Marx was through my work on the Soviet economy. Sovietologists had difficulty comprehending the organizational nature of the Soviet economy because they were uninformed about its Marxian aspirations. Sovietologists regarded Marx as irrelevant to an understanding of the Soviet economy. Alexander Gerschenkron, one of…

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Guest Commentary: The Harsh Truth About Outsourcing

The Harsh Truth About Outsourcing was published in BUSINESSWEEK, March 2004 It’s not a mutually beneficial trade practice — it’s outright labor arbitrage  Economists are blind to the loss of American industries and occupations because they believe these results reflect the beneficial workings of free trade. Whatever is being lost, they think, is being replaced by something as good or…

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