In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
Featuring: Lewis Leibowitz, Consuming Industries Trade Action Coalition; Lloyd Wood, American Manufacturing Trade Action Coalition; Robert Scott, Economic Policy Institute; and Dan Ikenson,
Since the depth of the U.S. manufacturing recession in 2002, the sector as a whole has experienced sustained and robust growth. The year 2006 set a record for output, revenues, profits, profit rates, return on investment, exports, and imports. The United States remains the world’s most prolific manufacturing country, accounting for two and a half times more output than Chinese factories in 2006. Should these figures put to rest assertions that the U.S. manufacturing sector is eroding because of trade? Do they support a conclusion that the sector is thriving? Four experts on U.S. manufacturing will offer differing perspectives on the real state of U.S. manufacturing in today’s global economy.