This is an interesting article, and one can write many books on the issues the author has addressed. First of all, the current crop of American economists haven't got clue, and they do not represent traditional American economic policy. We became a major industrial power behind a wall of tariffs, and recruiting skilled workers from overseas was part of our immigration policy.
I am in general agreement with Van Scherpenberg, Nahles and Jouyet's analysis. Abelshauser doesn't quite get it, because the skills of workers have nothing to do with competition under "free trade." If you import the same goods they made from overseas, you take away their jobs.
Pervis James Casey
Apr 4 2009 - 3:19pm