Free Trade

From: T Sent: Friday, December 22, 2017 11:58 AM To: Subject: Subject: Economists Warn of Trump Trade War Dr. Block, Ricardo seems to indicate that mobility of capital would have a detrimental effect on the living standards of persons remaining in the country with high relative wages…unless they were willing to emigrate. “Under such circumstances the wine and cloth should both be made in Portugal, and therefore that the capital and labor of England…should be removed to Portugal for that purpose. (Principles of Political Economy and Taxation, On Foreign Trade, p95).” He also seems to defend his immobility of … Continue reading Free Trade