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Maurice Moses "Maury" Obstfeld (born March 19, 1952) is a professor of economics at the University of California, Berkeley and previously Chief Economist at the International Monetary Fund. He is also a nonresident senior fellow at the Peterson Institute for International Economics .
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Marc J. Melitz (born January 1, 1968) [2] is an American economist.He is currently a professor of economics at Harvard University.. Melitz has published a number of highly cited articles in the area of international economics and international trade, [3] most notably "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity" in Econometrica which explores the ...
Ballooning U.S. debt has stirred growing alarm on Wall Street, but economist Paul Krugman isn't worried and said you shouldn't be either. In a New York Times op-ed on Thursday, the Nobel laureate ...
Krugman's International Economics: Theory and Policy, co-authored with Maurice Obstfeld, is a standard undergraduate textbook on international economics. [43] He is also co-author, with Robin Wells , of an undergraduate economics text which he says was strongly inspired by the first edition of Paul Samuelson 's classic textbook . [ 44 ]
François Quesnay; Adam Smith; Thomas Robert Malthus; Karl Marx; Léon Walras; Knut Wicksell; Irving Fisher; Wesley Clair Mitchell; John Maynard Keynes; Alvin Hansen
Marc Melitz and Pol Antràs started a new trend in the study of international trade. While new trade theory put emphasis on the growing trend of intermediate goods, this new trend emphasizes firm level differences in the same industry of the same country and this new trend is frequently called 'new' new trade theory (NNTT).
Comparative advantage in an economic model is the advantage over others in producing a particular good.A good can be produced at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. [1]