Paul Krugman, won the Nobel in Economics several years ago for his work mainly in international trade. He is an economics professor both at Princeton and at the London Scho0l of Economics, as well as a noted New York Times op-ed columnist. Here, Krugman asks why there is no real little political clamor for tariffs and quotas on foreign goods.
Tyler Cowen, a professor of economics at George Mason University, and also a columnist for the New York Times, answers Krugman on his Blog he writes with Alex Taborrok, called the Marginal Revolution. Here is Cowen’s response.