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Roberts on Smith, Ricardo, and Trade (econtalk.org)
1 point by mooreds on March 7, 2019 | hide | past | favorite | 1 comment


Heh. Russell Roberts dislikes Paul Krugman's political views so much that he has completely refused to study in trade theory from the last 30 years, especially the New Trade Theory (NTT). Krugman started to research increasing-returns specialization in late 70's.

Scale Economies, Product Differentiation, and the Pattern of Trade Paul Krugman, The American Economic Review Vol. 70, No. 5 (Dec., 1980), pp. 950-959

https://www.jstor.org/stable/1805774

edit: Later in the comments he confirms On Krugman, "I don’t know his work very well." It seem that he has missed the whole New Trade Theory (NTT).




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