Relevant Papers on Trade Openness Impact on Income

• Manufacturing Consent

  • Major publications often overreport some issues while underreporting others, benefiting those in power.
  • "Their focus was more about militaristic imperialism, but had similar themes about the way major publications overreport some issues while underreporting (or just don't report) others in a way that benefits those in power."

• Economic Theory and Bias Towards the Rich

  • Significant bias in economic theory, focusing on the overall economy's size rather than its effects on the middle class.
  • "The benefits of a faster growing, bigger economy need to be weighed against the way economic events and policies affect things like the health of the middle class far more in the news than they are now."

• Bias in Economic Reporting and Neoliberal Economic Theory

  • Neoliberal theory tends to prioritize economic growth without considering its impact on the middle and lower income groups.
  • "This isn't wrong on its face, but a lot of things that grow the size of the economy overall also inordinately benefit the rich."

• Media Ownership and Influence

  • Rich individuals owning media outlets can lead to biased reporting that favors the wealthy.
  • "Maybe it’s because the media is owned by rich people."

• Economic News and Reporting

  • Economic news often focuses on topics that appeal to the wealthy and may ignore issues relevant to low/mid-income households.
  • "Do you think anyone other than the richest Americans read economic news?"
  • "Does the study take into account the percentage of low/mid income households that are frequent readers of the news?"

• Stock Market News

  • Stock Market News can be sensationalized and biased, causing misconceptions about actual market movements.
  • "The DOW, Nasdaq, and S&P 500 went down less than 1% despite headlines claiming a major drop due to tax rumors."

• Critique of Economic AI

  • Automated systems analyzing scholarly papers for impact may exhibit biases, such as favoring already popular papers.
  • "...papers from the last three years which have already gotten a lot of citations are likely to keep getting more citations."

Summary

The comments cover various aspects related to the impact of trade openness on income, including bias in economic theory, media ownership influence, reporting on economic news, and critiques of automated analysis in research papers. Discussions emphasize the need for a more balanced approach in economic reporting to address the effects of policies on different income groups and recognize biases in scholarly analyses.