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Pearlstein's command of economics is limited to the one-sector, short-term equilibrium, or the supply/demand curves. He is just not qualified to discuss international economics, comparative advantage, Heckscher-Ohlin, etc. It's that simple.

The reason is his age. When I took economics classes in the States in the 70s, professors barely touched upon international issues, because the American economy was large enough, compared to the rest of the world which could be ignored. I believe Pearlstein belongs to that generation.

Things changed greatly since then. It doesn't take Paul Krugman to realize that. But Pearlstein just didn't bother to catch up.

I will become a patissier, God willing.

by tuasfait on Fri Oct 14th, 2005 at 12:58:35 PM EST

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