Steve Levitt
speaker
962 appearances
8 recordings
1 series
first heard Dec 2024
last heard 31 Jul
Steve Levitt’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 5 in all, peaking in Jul 2026 with 2.
Appearances
Why do you think that is the case?
Way back in 2001, the Commerce Department concluded that China was dumping honey on the U.S.
market at artificially low prices.
So can you explain what dumping means in this context?
Because it's actually being used in a different way than we usually define it in economics textbooks.
That's like one-tenth of the price that it would cost you to make a pound of honey.
Is that right?
That's still five or six times cheaper than you could have made it.
Correct.
What seems strange to an economist is what would be the motivation for a Chinese honey producer to make a bunch of honey and then sell it in the US way below the cost of making the honey?
That seems to fly in the face of what we think businesses should try to do.
In academic economics, when we talk about dumping, it's a very strategic thing that a company will do to try to drive out their competition.
But the kind of dumping that the Commerce Department was talking about was, I think, really something very different, which is
Chinese producers were calling something that was in a barrel honey, but really it was something really different than honey.
So in 2001, when the Commerce Department decided that China was dumping, what was their response?
What kind of tariffs were levied on the Chinese producers?
When you want to take on fraudsters, you need a lawyer like this guy.
How do you find your way to being an expert in food law?
Growing up, you were around farmers and your dad was doing food products.
Did you experience food fraud?
Showing 301–320 of 962 · page 16 of 49
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