26 sats \ 1 reply \ @Bell_curve 6 Mar \ parent \ on: Krugman: Low Unemployment Causes Inflation, Not Monetary Expansion econ
https://www.nobelprize.org/prizes/economic-sciences/2008/krugman/facts
1979 theory on international trade: similar countries produce similar products
It offered a theoretical solution to a well known discrepancy between a well established empirical regularity and the classical trade theory of the time.
Other (better in my opinion) solutions have been developed since, but his work was interesting.
reply