I won’t bother with the full post, [Edit: Which you can find here: Trade and Inequality] but this caught my attention:
Samuelson — who btw is a Nobel Prize winner and very much a mainstream neoclassical economist — has also published an important paper which shows that, theoretically, under some (quite plausible) circumstances a productivity gain [...]
So, the Samuelson paper was kinda weird, and I have to take exception with Mankiw’s description of it here. While the paper did show that decreased trade would reduce national welfare (of course, that uses a simple national GDP to add over all individuals in a linear manner), it showed that by saying that technological [...]
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