The case against nostalgia in economic policymaking

Featuring Adam S. Posen (PIIE)
April 29, 2021

In an interview with Martin Sandbu for the Financial Times, PIIE president Adam S. Posen discussed his recent article in Foreign Affairs in which he decries the US withdrawal from the global economy and policymakers’ fixation on protecting manufacturing jobs. Rather than focusing on protecting “good jobs” in factories—which benefits a small group of predominantly white male workers—Posen argues policymakers should focus on creating “good work” by protecting “individuals and families, not jobs and places.”

Video used with permission from the Financial Times.

Read the full Financial Times article: Nostalgia is a treacherous guide to economic policy