Counterfeiting Statistics: Still Atrocious
Do you remember the atrocious and disappointing OECD report on counterfeiting? Rather than come up with a realistic estimate for the value of counterfeits traded worldwide, it came out with a hugely exaggerated "ceiling" of $200 billion. All the same, it was the first remotely rigorous report attempting to pin a number on this phenomenon.
Which is why it's so terribly depressing to see the NYT ignore the OECD report completely, and revert to the old "7% of world trade" number which was never based on anything and which has been comprehensively debunked many times, including by me. Indeed, the NYT places a $200 billion value just on US imports, never mind total global trade.
Dean Baker doesn't even need to take issue with the number to thoroughly fisk the editorial. But it's clear that the truth is simply never going to emerge on this subject. As I wrote back in 2005:
A lie has circled the world hundreds of times before the truth has even found its boots, let alone thought about putting them on. The contest between the truth and the lie is so incredibly unequal that the truth will never win: it's now far to late for that.
Today, the situation is worse. Back in 2005, the exaggerations concentrated on counterfeiting. Today, counterfeiting is invariably lumped together with piracy, which can be calculated to be as big as you like, really, in this digital age. All I can do is to urge my readers to never believe any statistics you ever read on such matters.
- The Problem With InTrade
- Dec 3 2008 5:52PM EST
- GM's Bond Restructuring Plan
- Dec 3 2008 4:44PM EST
- Harvard: Still Rich
- Dec 3 2008 12:15PM EST
- The Tyranny of the Shareholders
- Dec 3 2008 11:11AM EST
- Should Treasury Issue 100-Year Bonds?
- Dec 3 2008 10:18AM EST
- Morning IM
- Dec 3 2008 8:41AM EST
- Adventures in Anonymous Sourcing
- Dec 3 2008 12:27AM EST
- Extra Credit, Tuesday Edition
- Dec 2 2008 11:57PM EST
- Q
- Dec 2 2008 10:34PM EST
- Finance Salaries: A Reply
- Dec 2 2008 8:07PM EST
- The Failed Subprime Clampdown
- Dec 2 2008 4:29PM EST
- Blame Citigroup's woes on the Citi-Travelers Merger
- Dec 2 2008 2:30PM EST
- Greenberg's Chutzpah
- Dec 2 2008 12:26PM EST
- Super-Seniors: The Last Word
- Dec 2 2008 12:04PM EST
- Pay Bankers Much Less
- Dec 2 2008 10:58AM EST
Categories
Links
- Email Felix Salmon
- Alphaville

- Marginal Revolution

- The Panelist

- FP Passport

- Overcoming Bias

- Andrew Leonard

- Barry Ritholtz

- Brad Setser

- Carbon Tax Center

- Calculated Risk

- Greg Mankiw

- Free Exchange

- Dean Baker

- Alexander Campbell

- Kash Mansori

- The Bayesian Heresy

- A Fistful of Euros

- John Quiggin

- Michael Mandel

- Lance Knobel

- Mark Thoma

- Dan Gross

- Curbed

- Streetsblog

- Chris Anderson

- Deal Journal

- MarketBeat

- DealBook

- DealBreaker

- Carl Bialik

- Michelle Leder

- Brad DeLong

- The Epicurean Dealmaker

- Naked Capitalism

- Ultimi Barbarorum

- Econospeak

- Fortune: Daily Briefing

- Financial Crookery










