The Intellectual Basis of U.S. Trade Policy Trench Warfare

Information Technology and Innovation Foundation, 2015

20 Pages Posted: 9 Nov 2017

See all articles by Michelle Wein

Michelle Wein

Information Technology and Innovation Foundation

Robert D. Atkinson

Information Technology and Innovation Foundation

Date Written: January 26, 2015

Abstract

At its core, trade policy is based in economics. And despite what many economists claim, economics is not a science. And, as with economics, intellectual approaches to the issue of trade differ substantially. These approaches reflect differences in economic doctrine among economists, policymakers and others. This paper postulates and describes three competing economic doctrines that shape the current U.S. trade debate: the predominant neoclassical doctrine (NC), the oppositional neo-Keynesian doctrine (NK), and the emerging innovation economics (IE) doctrine. The IE doctrine (IE) not only more accurately reflects the reality of the 21st century global innovation economy but offers the best opportunity for creating at least some actionable consensus on trade policy moving forward.

Keywords: trade policy, economic doctrine, neo-Keynesian, neoclassical, innovation economics

Suggested Citation

Wein, Michelle and Atkinson, Robert D., The Intellectual Basis of U.S. Trade Policy Trench Warfare (January 26, 2015). Information Technology and Innovation Foundation, 2015. Available at SSRN: https://ssrn.com/abstract=3066921

Michelle Wein

Information Technology and Innovation Foundation ( email )

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12024491351 (Phone)

Robert D. Atkinson (Contact Author)

Information Technology and Innovation Foundation ( email )

1101 K Street N.W.
Suite 610
Washington, DC 20005
United States

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