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Title : A Reply To The Accuse That One Convey My Caput Upward My Ass
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A Reply To The Accuse That One Convey My Caput Upward My Ass

Don Boudreaux

A Don Boudreaux alphabetic lineament to a reader:

Mr. Ernie McDonald

Mr. McDonald:

You write that “our survival every bit a nation is threatened past times never ending floods of inexpensive imports priced below their total value.” And later on asserting that because I’m a tenured “heads upward [my] ass” professor I “have no right” to criticize protectionists, you lot telephone telephone me “gullible, blind in addition to ignorant nigh the Real World.”

I’ll process you lot hither amongst the honour that you lot deny to me inwards your hostile in addition to impolite letter.

First, similar you lot I possess got a correct to criticize or to praise anyone or anything I wishing every bit long every bit I practice thence peacefully. You possess got no duty to psyche to me, only my project condition does zip to strip me of my correct to utter in addition to to write freely.

Second in addition to to a greater extent than substantively: How tin hand the sack it hold upward that our “never ending” access to low-priced goods threatens our survival? Is your in addition to your family’s survival threatened when you lot buy goods that are on sale? If inwards a supermarket challenger you lot were to win a lifetime of costless groceries, would you lot shiver inwards fearfulness in addition to and thence spend upward the winnings? I suspect not.

You volition (mistakenly) reject my supermarket analogy every bit inapt. And so, third, I inquire if you lot believe that our survival every bit a nation is threatened past times never-ending floods of technological innovation. One of this year’s Nobel laureates, William Nordhaus, constitute that innovators capture, on average, exclusively 2.2 per centum of the total value of their innovations. As a practical matter, this fact agency that when innovators, inwards never-ending novel streams, offering to us goods in addition to services at prices that non exclusively are below those of existing goods in addition to services only a tiny fraction of their “full value,” nosotros happily possess got and, every bit a result, are all enriched.

Can you lot explicate to me why, if the much-greater abundance brought to us routinely past times invention makes us richer, the greater abundance brought to us past times merchandise threatens our survival?

Sincerely,
Donald J. Boudreaux
Professor of Economics
and
Martha in addition to Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA 22030

The inwards a higher house originally appeared at Cafe Hayek.

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