RE: RE:Re: A project for Pen-L

["Max Sawicky" <sawicky@xxxxxxxxxxxxxxxx>]

Somebody should do a number on how Krugman's
academic work deflates free trade theory/ideology.

mbs

-----Original Message-----
From: owner-pen-l@xxxxxxxxxxxxxxxxxxx
[mailto:owner-pen-l@xxxxxxxxxxxxxxxxxxx]On Behalf Of jdevine@xxxxxxx
Sent: Wednesday, November 28, 2001 10:22 AM
To: pen-l@xxxxxxxxxxxxxxxxxxx
>Subject: [PEN-L:20067] RE:Re: A project for Pen-L


this is a worthy project. However, it's important at each step to always
distinguish "free trade" _in theory_ and "free trade" in practice. For
example, in theory it refers to Ricardian stuff about comparative advantage,
or more generally the the benefits of buying and selling vs. autarchy. But
in practice, it refers to easy mobility of capital investment, deregulation,
etc. I can imagine that some would favor FT in theory, but not as actually
practiced. -- Jim Devine

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