Michael Pollak wrote:
> On Sat, 20 May 2000, Doug Henwood wrote:
>
> > If imports keep domestic prices down, then people (those who don't
> > lose their jobs to imports, of course) have more money to spend on
> > other goods. We can argue about the relative importance of the two
> > influences - lower prices vs. job loss - but to ignore the lower price
> > angle is analytically incomplete.
>
> If I understand it correctly, the comparative advantage argument is that
> that extra money is not only spent on other things that wouldn't otherwise
> have been bought, but those things are produced by people that wouldn't
> otherwise have been employed -- so that even imports produce jobs. Do you
> and Mark agree that part's not true? If so, can you send me to a good
> critique of it?
>
> Michael
>
> __________________________________________________________________________
> Michael Pollak................New York City..............mpollak at panix.com