In the abstract world of American economists, equations run both ways; they believe that by changing the sign of a variable from plus to minus or from minus to plus or the price and quantity of x or y, the direction of historical movement can be reversed.
Robert GilpinTrade is the oldest and most important economic nexus among nations. Indeed, trade along with war ha been central to the evolution of international relations.
Robert GilpinThe clustering of technological innovation in time and space helps explain both the uneven growth among nations and the rise and decline of hegemonic powers.
Robert GilpinIn many societies the domestic social costs of adjustment to changing patterns of comparative advantage are believed to outweigh the advantages of further trade liberalization.
Robert Gilpin