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free movement of capital is not Ricardian

Neither is it Heckscher-Ohlinian either, although there are versions ...

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne

by maracatu on Tue Jul 17th, 2007 at 07:42:14 PM EST
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It seems all these models assume full employment.

Can the last politician to go out the revolving door please turn the lights off?
by Carrie (migeru at eurotrib dot com) on Wed Jul 18th, 2007 at 04:08:33 AM EST
[ Parent ]
along with a heap load of other unrealistic assumptions.  Notice that "market failure" never makes it into any of them?

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Wed Jul 18th, 2007 at 12:19:59 PM EST
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