In 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 GilpinThrough exploitation of its influence over global financial affairs, the United States has been able to cover the costs of its hegemonic position, preserve a false domestic prosperity, and mask the consequences of its relative political and economic decline.
Robert GilpinI was certain that I was not a Marxist, but I did believe firmly that a connection between economics and politics existed.
Robert GilpinIn short, the elimination of the financial legacy of Reaganomics could force the United States to make some exceptionally difficult choices indeed.
Robert Gilpin