Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 12, 2022

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Sun Oct 16 15:37:25 +0000 2022

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Paul Krugman @paulkrugman

Maybe useful to talk about the "New Trade Theory" I and others developed in the early 80s. There had long been a sort of counterculture in the analysis of international trade, a sense that Ricardo and Heckscher-Ohlin weren't the whole story 8/ — PolitiTweet.org

Posted Oct. 16, 2022

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Paul Krugman @paulkrugman

Then Rudi Dornbusch, with his crystal-clear models, arrived at MIT, and a funny thing happened: not only was Rudi's approach an inspiration, but once you learned how to do clear models, Kindleberger's insights began to make sense too 7/ — PolitiTweet.org

Posted Oct. 16, 2022

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Paul Krugman @paulkrugman

In fact, even orthodox trade people often cited Burenstam Linder's "Essay on Trade and Transformation", out of a sense that there was something there — but it was hard to say what 9/ https://t.co/55SFExK9Or — PolitiTweet.org

Posted Oct. 16, 2022