Paul A. Samuelson, author of the former Economics 1 textbook, will spend next year at Harvard as a visiting professor in the Department of Economics while on sabbatical from M.I.T. His stay will be ...

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 ...

Rising inequality since the 1980s is clearly a serious problem that merits political attention. But focusing solely on trade is not the way to resolve it Inequality has become a major political ...

In a famous theorem, known as Stolper-Samuelson, he and a co-author showed that competition from imports of clothes and similar goods from underdeveloped countries, where producers rely on unskilled ...