There's no doubt that free trade has been good for countries, has increased global wealth and spread the benefits of economic development around the world. This was demonstrated 200 years ago by David ...

Standard trade theory views the capital stock as an endowment. However, trade policy can affect a country's steady-state capital stock. By ignoring the endogeneity of capital, standard analysis is ...

There was a big debate about this in the economics profession in the early 1990s. Not one single economist argued about the direction of trade’s effect ? it was universally agreed that it was negative ...

Wolfgang F. Stolper, 89, an economist whose work included a theory used to explain the effect of international trade on wages, died Monday in Ann Arbor, Mich., during surgery to clear a blood clot.

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Conventional trade theory, which combines the Heckscher-Ohlin theory and the Stolper-Samuelson theorem, implies that expanded trade between developed and developing countries will increase wage ...

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Recent discussions of the effects of globalization and technological change on U.S. wages have suffered from inappropriate or missing references to the basic international trade theorems: The Factor ...