Heterodox
A nice critique of free trade here:Bill Mitchell, “The Case against Free Trade – Part 1,” Billy Blog, 27 October, 2016.Bill Mitchell analyses the Heckscher-Ohlin model of free trade, and notes that this model requires the following grossly unrealistic assumptions:“1. There is always full employment through price flexibility. Inputs can move freely within countries between technologies and commodities, which means that labour can move without any costs involved between two types of production...
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