Stolper-Samuelson Theorem

Economic theory says inequality will increase with growth in international trade

June 14, 2021

Robin Hoodism - robbing the rich to pay the poor - is not in line with democratic ideals or trust in government SubjectsGDP | ...

What Economists Don’t Know About Manufacturing

Carlos McDuffie

March 31, 2021

Stolper-Samuelson Theorem

Robert Solow developed the field of growth economics by demonstrating that what he termed technological and related innovation was the dominant causative factor in economic growth.1 He won the Nobel Prize i...

The Nobel Series: Architect of the Modern Economy

Carlos McDuffie

December 12, 2020

Stolper-Samuelson Theorem

My first encounter with Paul Samuelson dates back to the first year of the Honors Economics undergraduate program in Delhi. The prescribed textbook for microeconomics was simply titled “Economics” and was writ...

The Nobel collection: architect of the fashionable economic system

Carlos McDuffie

December 12, 2020

Stolper-Samuelson Theorem

My first contact with Paul Samuelson was through the first yr of the Honors Undergraduate Program in Economics in Delhi. The textbook prescribed for microeconomics was merely titled "Economics" and was writ...

Bernie beats Trump (and Biden) on trade

Carlos McDuffie

March 8, 2020

Stolper-Samuelson Theorem

It is an indisputable fact that in recent decades, American workers have seen their wages stagnate and jobs disappear. Unfortunately, they found little relief in the policies of the Democratic or Republican...

India and trade theory | Enterprise standard column

Carlos McDuffie

February 29, 2020

Stolper-Samuelson Theorem

Donald Trump has come and gone. ...

View: Despite doubts, there is enough evidence to conclude that foreign trade is good for the poor

Carlos McDuffie

November 28, 2019

Stolper-Samuelson Theorem

By Devashish Mitra In the context of India's recent decision not to join the Regional Comprehensive Economic Partnership (RCEP), the issue of the effects of trade liberalization on poverty has come to the fo...

Free trade reduces inequalities, ask Abhijit Banerjee and Esther Duflo in their new book

Carlos McDuffie

November 6, 2019

Stolper-Samuelson Theorem

o Do inequalities decrease in the poorest countries when they open up to trade? There are in fact relatively few cross-national studies on this topic, reflecting a pattern we will see over and ov...

Will workers lose? – OpEd – Eurasia Review

Carlos McDuffie

July 24, 2019

Stolper-Samuelson Theorem

One of the central themes of Donald Trump's presidential campaign was that American workers were severely affected by trade. Its story was that the country had signed bad trade deals that were put in plac...

Universalization – Creating an interconnected technological world

Carlos McDuffie

April 24, 2019

Stolper-Samuelson Theorem

This article is part of the IFF China Report 2019Globalization was born out of mercantilism, at the origin of the economic theory of comparative advantage. The theory states that, under fr...

William Watson: Stephen Harper’s prescription for ‘populism’ factors dangerously in the direction of socialism (gasp!)

Carlos McDuffie

October 12, 2018

Stolper-Samuelson Theorem

Breadcrumb Hyperlinks FP remark Stephen Harper suggests populism is actual and justified and that conservatives should reply to it, primarily by abandoning free market fundamentalism Crea...

Protectionism for the Liberals | New instances

Carlos McDuffie

August 16, 2018

Stolper-Samuelson Theorem

LONDON - Liberal revulsion at US President Donald Trump's misleading and crude insurance policies has was a inflexible protection of market-led globalization. Within the liberal, the free co...

Theoretical Economics – The Lifetime of Samuelson | Books and humanities

Carlos McDuffie

August 31, 2017

Stolper-Samuelson Theorem

August 31, 2017Founding father of Fashionable Economics: Paul A. Samuelson, Quantity 1 - Changing into Samuelson, 1915-1948. By Roger Backhouse. Oxford College Press; 760 pages; $ 34.95 and £ 22.99.IN 1940...

How about a little responsibility for economists when they get it wrong? | Dean baker

Carlos McDuffie

July 27, 2017

Stolper-Samuelson Theorem

Suppose our fire department was staffed with deformed incompetents who did not know how to handle a fire hose. That would be really bad news, but it wouldn't be obvious most of the time as we don't often se...

A dismal Einstein of science

Carlos McDuffie

May 19, 2017

Stolper-Samuelson Theorem

Forty years in the pastPaul A. Samuelson was a family title. America's first Nobel Laureate in Economics, he wrote an everyday column for Newsweek (alternating with Milton Friedman) and has been e...

Definition of the Heckscher-Ohlin model: evidence and concrete example

Carlos McDuffie

March 25, 2017

Stolper-Samuelson Theorem

What is the Heckscher-Ohlin model? The Heckscher-Ohlin model is an economic theory that proposes that countries export what they can produce most efficiently and abundantly. Also called the HO mod...

Definition of the Heckscher-Ohlin model

Carlos McDuffie

March 25, 2017

Stolper-Samuelson Theorem

What is the Heckscher-Ohlin model? The Heckscher-Ohlin model is an economic theory that proposes that countries export what they can produce most efficiently and in abundance. Also called HO mo...

Goodbye Kenneth Arrow, a delicate genius of the economic system

Carlos McDuffie

February 24, 2017

Stolper-Samuelson Theorem

My mom's brother, Nobel economist Kenneth Arrow, died this week on the age of 95. He was a pricey man and a hero to me and to many others. Nobody else I've ever identified has embodied the well-l...

Deepak Lal: On Nativism and Nationalism

Carlos McDuffie

January 24, 2017

Stolper-Samuelson Theorem

Explaining the triumph of Brexit and Donald Trump through these words would be awkward The subjectsDeepak Lal ...

What is the impossible trinity?

Carlos McDuffie

September 10, 2016

Stolper-Samuelson Theorem

This week, â€œThe Economist Explainsâ€ is devoted to the economy. Today is the last in a series of six explanations on a basic idea.As the euro's launch approached in 1999, ...

What causes financial crises? | The Economist

Carlos McDuffie

September 9, 2016

Stolper-Samuelson Theorem

This week, â€œThe Economist Explainsâ€ is devoted to the economy. For each of the six days through Saturday, this blog will post a brief explainer on a basic idea.Strictly s...

What is the Keynesian multiplier?

Carlos McDuffie

September 8, 2016

Stolper-Samuelson Theorem

Fiscal stimulus, an idea championed by John Maynard Keynes, is past and out of fashionExplain the world, every dayThe Economist explainsThis week, â€œThe Economist Explainsâ€...

What is Nash equilibrium and why is it important?

Carlos McDuffie

September 7, 2016

Stolper-Samuelson Theorem

This week, â€œThe Economist Explainsâ€ is devoted to the economy. For each of the six days through Saturday, this blog will post a brief explainer on a basic idea.ECONOMISTS...

The Economist Explains Economics – What Is Info Asymmetry? | The Economist explains

Carlos McDuffie

September 5, 2016

Stolper-Samuelson Theorem

This week, the weblog "The Economist Explains" is dedicated to the economic system. For six days till Saturday, this weblog will publish a brief explanatory observe on a basic financial concept. MARKETS cea...

The relationship between trade and wages

Carlos McDuffie

September 4, 2016

Stolper-Samuelson Theorem

An influential theory on how open economies can drive down wagesExplain the world, every dayThe Economist explainsThis week, â€œThe Economist Explainsâ€ is devoted to the eco...

Deepak Lal: the insurgents within the primaries

Carlos McDuffie

February 24, 2016

Stolper-Samuelson Theorem

For 2 months, I've been in Los Angeles, bathed in irregular warmth and watching in disbelief the race for the presidential election, which skilled extraordinary warmth and upset all of the expectat...

9 to 5 in 2015

Carlos McDuffie

September 17, 2015

Stolper-Samuelson Theorem

9 to 5 in 2015 We proceed a three-part collection - produced in partnership with The nation - on work in America. Here is the second half: what we do all day and the way we really feel about it. Final we...

The great global debate on inequalities

Carlos McDuffie

December 19, 2014

Stolper-Samuelson Theorem

Those who have read the great historical classics of political economy already know that this is not true, as the title of Piketty evokes Capital, the magnum opus of Karl Marx, who prophesied a fall in the...

Timothy Noah places ‘the Nice Divergence’ in scathing concentrate on America’s declining center class

Carlos McDuffie

May 20, 2012

Stolper-Samuelson Theorem

A schoolyard taunt nonetheless awaits me: "Should you're so sensible, why aren't you wealthy?"Even in fifth grade, I keep in mind pondering, “We're 10, aren't we? We're as wealthy as our mother and father ”...

The most eminent academic economist of the 20th century

Carlos McDuffie

December 15, 2009

Stolper-Samuelson Theorem

Paul A. Samuelson, the first American Nobel laureate in economics and the most prominent academic economist of the 20th century, died Sunday at his home in Belmont, Massachusetts. He was 94 years old. His ...