I'm the offending party. Look at any mainstream trade text (e.g. Salvatore);
it will have at least one chapter, usually several, on capital mobility. Paul
Krugman built his career on a wrinkle concerning factor mobility -- economies
of agglomeration, etc. Herman Daly was just wrong on this. Fortunately, he
seems to have changed his tune.
I don't know of a good reading on trade theory from a heterodox perspective.
If anyone out there can supply one, I'd be grateful. I've written a piece that
develops the Keynesian critique of trade theory, via a review of Joan
Robinson's writings on the subject. I'll send it to anyone who replies to me
offlist.
Peter
Bill Burgess wrote:
> In _For the Common Good_ , Cobbs and ______ state that factor mobility
> (especially of capital) cannot be incorporated in the theory of comparative
> advantage. Is this correct? I seem to recall someone on this list stating
> otherwise.
>
> Can you suggest a textbook or article that takes up this issue, and that
> quickly summarizes various other trade theories (e.g. 'new' trade theory)?
> I'm filling in for an absent colleague in a second year class discussion
> where these issues may come up.
>
> Bill Burgess
> ([EMAIL PROTECTED])
