why no domestic plant and equipment boom.....

well krugs buy back hole in the recycling of profits
into tangible purchases on product markets
seems like a fun idea
to humean trogs
that would
mean by measuring some spooky monetary base
or other
we should find
" velocity" taking a tail spin
since its measured against product markets only

think that one thru rangers

btw

b wilder is right on the bull's eye
here

capital export is enhanced by an over valued currency

apply where appropriate

----------

" But anyone who understands comparative advantage
knows that free trade affects relative prices,
not the price level
(the latter being the province of macro and monetary factors)."
d rodrik

my lord i like dani r

btw

the one vs two factor model ???
ricardo or h/o

well throw both away

if you want stylized realism

scale effects and
covert quotas
and other
protections
and one or another
sort of dozens of
cross border market imperfections
all jumble up here
to create quasi rents galore and other "revenue residues" too

all of which doubtless
dwell in spades
out there
in the real world case

and i suspect
go largely
to the TNCs

but that greg is sure the little devil isn't he ????

the ricardian theory
merges labor and profit into one lump
called revenue

my my

wouldn't that be loverrrrrly

.......
johnny one note time

the price level part
not relative prices
is where the real screwing occurs
......
and if we're to look at winners vs losers
why make it skilled vs unskilled

why not the real deal

all earned incomers vs wealth holders