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Ramesh Chandra On Nicholas Kaldor And Circular Cumulative Causation — V. Ramanan

Summary:
Kaldor quote. Free trade leads to inequality by favoring endowments, i.e. developed regions over emerging ones.Although the post doesn't mention it, America took advantage of protectionism under the 19th. c. American System and then switched back to imposition of the British System after becoming dominant in the 20th c.The Case for Concerted ActionRamesh Chandra On Nicholas Kaldor And Circular Cumulative CausationV. Ramanan

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Kaldor quote. Free trade leads to inequality by favoring endowments, i.e. developed regions over emerging ones.

Although the post doesn't mention it, America took advantage of protectionism under the 19th. c. American System and then switched back to imposition of the British System after becoming dominant in the 20th c.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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