Rassekh, Farhad - In: International Review of Economics & Finance 19 (2010) 4, pp. 555-561
The Heckscher-Ohlin model has spawned the twin theorems of Stolper-Samuelson and factor-price equalization (FPE), both of which concern the effects of international trade on wages and income distribution. A recent literature, critical of both theorems, claims that they no longer serve as a...