Branko Milanovic
@BrankoMilan
Income inequality, politics, history, soccer
Research prof, Graduate Center CUNY; Visiting prof III, LSE
Author of "The Great Global Transformation".
Joined December 2012
1.1K Following 177.3K Followers
I listened tonight to a @AEI debate on trade, US and China and I learned that there were two theories of international trade.
Theory 1. If you are stronger and win, free trade. To be taught in schools while the assumptions hold.
Theory 2. If you are weaker and cannot win, close the markets. And assume that nobody has ever heard of Theory 1.
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