Robert Atkinson on US-China Competition and Industrial Policy – #45

Steve and Corey talk with Robert Atkinson, President of the Information Technology and Innovation Foundation about his philosophy of National Developmentalism. They discuss the history of industrial policy and mercantilism in the US and China. Why did the US lose 1/3 of its manufacturing jobs in the 2000s? How much was due to automation and how much to Chinese competition? Atkinson discusses US R&D and recommends policies that will help the US compete with China.

Adam Dynes on Noisy Retrospection: The Effect of Party Control on Policy Outcomes – #35

Steve and Corey talk to Adam Dynes of Brigham Young University about whether voting has an effect on policy outcomes. Adam’s work finds that control of state legislatures or governorships does not have an observable effect on macroscopic variables such as crime rates, the economy, etc. Possible explanations: parties push essentially the same policies, politicians don’t keep promises, monied interest control everything. Are voting decisions just noisy mood affiliation? Perhaps time is better spent obsessing about sports teams, which at least generates pleasure.