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My Mercatus Center colleague Dan Griswold reviews Douglas Irwin’s magnificent new volume, Clashing Over Commerce.  Here’s a slice from Dan’s review:

The Civil War upended U.S. trade policy, as it did so much else, and ushered in a second era marked by high tariffs to protect certain U.S. industries. One sad fact that comes through clearly from Irwin’s meticulous scholarship is that the protectionism of this era did a lot more to build the lobbyist swamp than it did to build the U.S. economy. Every trade bill that moved through Congress invited a feeding frenzy of special interests seeking protection. Hundreds of pages of the Congressional Record were filled with speeches justifying higher tariffs on sugar, wool, glass, pig iron, and hundreds of other domestically made products.

What did all this high-tariff lobbying and legislating do for the U.S. economy? Not much. Putting on his economist hat, Irwin concludes that the impact of the protective tariffs was modestly negative.

Adam Thierer – another Mercatus Center colleague – makes the case for improving policy to unleash permissionless innovation.

Jeff Jacoby highlights some of the likely real benefits of a warmer globe.

Bruce Caldwell reviews Philip Mirowski’s and Edward Nik-Khah’s new book, The Knowledge We Have Lost in Information: The History of Information in Modern Economics.  (HT Walter Grinder)

Citing some important research by my colleagues, Paz Gómez says that the best disaster relief comes from the private sector.

If There’s a College Affordability Crisis, What Should We Do About It?

In this short video, Johan Norberg busts the myth that young people today are worse off than were recent previous generations.