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  5. The aim of academic trade theory is to tell students, Look...

The aim of academic trade theory is to tell students, "Look at the model, not at how nations actually develop." So of all the branches of economic theory, trade theory is the most wrongheaded.

Michael Hudson
Students, Academic, Economic
Source: www.counterpunch.org
The aim of academic trade theory is to tell students, Look at the model, not at how nations actually develop. So of all the branches of economic theory, trade theory is the most wrongheaded.