Pacific Standard May-June 2013 Cover

About Jock O'Connell

Jock O'Connell is an international trade economist who lives in Sacramento.

Why Focusing on Exports Doesn’t Make Economic Sense

trade-mirage

In January 2010, a year after taking office, President Barack Obama unveiled a singularly ambitious idea for boosting the economy. “Tonight, we set a new goal,” he said in his State of the Union address. “We will double our exports over the next five years, an increase that will support two million jobs in America.” Under the banner of a National Export Initiative, the president pledged to support new trade missions overseas, offer export assistance to small and medium-size businesses, and step up enforcement of trade agreements. “Because the more products we make and sell to other ... Read More

The Meaning of Monopoly

monopolycards2

Monopoly has been much in the news lately—not because the Obama Administration has suddenly assumed the guise of a vigorous anti-trust cop (fat chance!), but because the toy company Hasbro is making a conspicuous change to its flagship board game. In a contest held on Facebook over the past month, Hasbro invited the public to decide the fate of one of Monopoly's classic tokens—the little metal figurines that represent each player on the game board. After more than 10 million votes poured in from fans in 120 countries around the world, the firm announced yesterday that, by will of the ... Read More