This week “The Economist explains” is given over to economics. For each of six days until Saturday this blog will publish a short explainer on a seminal idea. DOES trade hurt wages? Or, more precisely ...

Is Globalization Good for America's Middle Class? Part 1 In this blog, I have frequently documented economic trends that have been bad for the middle class: Declining real wages, steadily falling bang ...

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.

Samuelson made such diverse contributions to his field – ranging from welfare economics, theories of consumption, prices, capital accumulation, economic growth, public goods, finance and international ...

Consider an economy in which various types of labor are used to produce consumption, but not all types of labor are useful for upgrading the stock of organization capital–that is, for replacing old ...

THE STOLPER-SAMUELSON THEOREM….Over at Max’s place, Josh Bivens tells us about something called the Stolper-Samuelson Theorem, which predicts that workers without a college degree always get screwed ...

This is a preview. Log in through your library . Abstract This paper intends to show that in the presence of domestic distortions, the factor used intensively in the expanding industry could be worse ...

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 ...

Founder of Modern Economics: Paul A. Samuelson, Volume 1—Becoming Samuelson, 1915-1948. By Roger Backhouse. Oxford University Press; 760 pages; $34.95 and £22.99. IN 1940, Paul Samuelson needed an ...