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To: Porterville

Samuelson wrote THE Econ 101 textbook. He represented the post-War Keynesian consensus. Also he was the co-author of the major theory of how international trade affects wages and returns of capital, those who argue international wage has had a major negative effect on wages on low skilled workers in the US are right theoretically.


7 posted on 12/13/2009 9:39:47 AM PST by C19fan
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To: C19fan

“Samuelson wrote THE Econ 101 textbook...”

That is true. That was the textbook that introduced me to economics in college. Unfortunately, the professor was, like Samuelson, a true believer in Keynesian economics. It seems that all of Obama’s economics team is, too.


8 posted on 12/13/2009 9:51:19 AM PST by OldPossum
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