Paul Samuelson's critique argues that trade is a positive-sum game in which all countries that participate realize economic gains.

Question

Quizplus · Accepted Answer

Paul Samuelson's critique, particularly in the context of the Stolper-Samuelson theorem, suggests that while trade can lead to overall gains, it can also result in winners and losers within countries, meaning not all participants necessarily benefit equally.

Paul Samuelson's Critique Argues That Trade Is a Positive-Sum Game