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Marc Lavoie, “Post-Keynesian Economics: New Foundations” (Edward Elgar, 2014)

New Books in Economics

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The Post-Cadin Approach to International Trade

Post-CADINs are in favor of some protectionism, says Mark Johnson. The argument being that a country that has some protection will be able to expand its economy more than if it has a complete open economy. There's belief that because of free trade, this gives more power to the large corporations,. which allows them to reduce the share of wages in the economy.

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