Does Free Trade Benefit Everyone? A Deep Dive into the Stolper-Samuelson Theorem - EP272
Is free trade always good for workers? Gene Tunny explores the Stolper-Samuelson theorem, which shows how trade can lower wages for some workers, even though the overall economy is better off. He discusses key economic insights from Wolfgang Stolper and Paul Samuelson, real-world historical examples, and the implications for today’s global trade debates.