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Monday, October 13, 2008

FREE TRADE, STRATEGIC TRADE, PAUL KRUGMAN, AND OUR CURRENT ECONOMIC FORTUNES

Today's Buggy Topic

As usual, it's set out at either Carpe Diem or The Marginal Revolution in a thread started by the heads of those two libertarian web-sites . . . both of them, Professor Mark Perry of the Univ. of Michigan and Professor Tyler Cowen of George Mason University, very decent to allow the buggy guy to lay out his ideas in typical lengthy fashion.

Today's topic will be found at The Marginal Revolution: click here for it.  You'll find, when you do, that prof bug analyzed Paul Krugman's impressive theoretical contributions to traditional trade theories that won him, deservedly, the Nobel Prize today (October 13, 2008).  And the buggy analysis notes what other posters in that thread  --- including Tyler Cowen's lengthy introductory post --- have omitted . . . some very valuable matters, full of political implications for both trade policy and the populist backlash against globalization these days in the US and elsewhere.