Batra, Ravi - In: Review of International Economics 1 (1992) 1, pp. 19-31
The purpose of this paper is to explode the myth of free trade. Productivity and real wages in the U.S. rose sharply between 1950 and 1972, but since then real earnings have been falling in spite of a continuous rise in productivity. It turns out that America was more or less a closed economy...