Was the China Shock Overblown? | Russ Roberts and Joseph Francis
What if the results of one of the most influential economics papers of the past 25 years are unreliable? The “China shock” narrative—that a surge of Chinese imports destroyed American manufacturing jobs and the communities that depended on them—became conventional wisdom in Washington and beyond. But economic historian Joseph Francis argues that the claim is much weaker than it looks. Listen as he tells EconTalk’s Russ Roberts how a 2022 correction to the paper’s research design cut its estimate of lost jobs in half and erased its findings on wages and living standards. He and Russ then look at what this affair reveals about economics as a field, including the incentives that reward dramatic results, and the problems with peer review.Listen to the episode: https://www.econtalk.org/
__________
🔔 Subscribe for more discussions: @HooverInstitution
👍 Like and share this video!
🌐 Follow the Hoover Institution on social media:
• Facebook: https://www.facebook.com/HooverInstStanford
• LinkedIn: https://www.linkedin.com/company/hoover-institution-at-stanford-university
• Instagram: https://instagram.com/hooverinstitution
• X: https://www.twitter.com/HooverInst
The opinions expressed in this video are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University.
© 2026 by the Board of Trustees of Leland Stanford Junior University. Receive SMS online on sms24.me
TubeReader video aggregator is a website that collects and organizes online videos from the YouTube source. Video aggregation is done for different purposes, and TubeReader take different approaches to achieve their purpose.
Our try to collect videos of high quality or interest for visitors to view; the collection may be made by editors or may be based on community votes.
Another method is to base the collection on those videos most viewed, either at the aggregator site or at various popular video hosting sites.
TubeReader site exists to allow users to collect their own sets of videos, for personal use as well as for browsing and viewing by others; TubeReader can develop online communities around video sharing.
Our site allow users to create a personalized video playlist, for personal use as well as for browsing and viewing by others.
@YouTubeReaderBot allows you to subscribe to Youtube channels.
By using @YouTubeReaderBot Bot you agree with YouTube Terms of Service.
Use the @YouTubeReaderBot telegram bot to be the first to be notified when new videos are released on your favorite channels.
Look for new videos or channels and share them with your friends.
You can start using our bot from this video, subscribe now to Was the China Shock Overblown? | Russ Roberts and Joseph Francis
What is YouTube?
YouTube is a free video sharing website that makes it easy to watch online videos. You can even create and upload your own videos to share with others. Originally created in 2005, YouTube is now one of the most popular sites on the Web, with visitors watching around 6 billion hours of video every month.
