Auto Economics and NY Times
Several times in the last few months, we’ve blogged about the blog that Mike Smita, professor of economics, has been writing about the twists and turns of the U.S. auto industry. He’s just finished a Spring Term seminar on the economics of the industry, which he’s been following for almost 20 years. Back in November when things began unraveling in a big way, he predicted a GM bankruptcy by the end of January. That didn’t transpire, but he’s been writing about the issues on his blog, Autos and Economics. The New York Times editors picked up on his musings and asked him to write a piece for the “Room for Debate” feature on the Times Web site. So on the eve of today’s bankruptcy filing by GM, Mike wrote about what less competition is going to mean for the company. Here’s the link to his piece.