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Allan H. Meltzer

Allan H. Meltzer

3 commentaries

Allan H. Meltzer, University Professor of Public Policy at Carnegie Mellon University and Distinguished Visiting Fellow at the Hoover Institution, is the author of Why Capitalism? and A History of the Federal Reserve.

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  3. rodrik174_STRAFP via Getty Images_chinafacemaskfactorymanufacturing STR/AFP via Getty Images

    China as Economic Bogeyman

    Dani Rodrik

    Many Western economists presume that governments are not very good at identifying industries that merit support, and that domestic consumers and taxpayers incur the bulk of the costs. By the same logic, if Chinese policymakers effectively targeted activities where social benefits exceed private benefits, then it is not clear why foreigners should complain.

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