Re: Re: Re: Re: RE: Eurocentrism once again

[Michael Perelman]

How does Brad's idea follow from Anthony's note?  Once an economy becomes
poor enough -- disregarding the cause of the poverty -- $/day wages may
increase welfare -- at least in the short run.

On Fri, May 25, 2001 at 09:16:02AM -0700, Brad DeLong wrote:
> >It is true that most of the TW are not part of this global
> >economy.  China is enough to subsidize the US with its low wage
> >production....
> >
> >Cheers, Anthony
> 
> The implication is that China would be a richer place if it exported 
> less, and thus subsidized the U.S. less--that each container that 
> leaves Shanghai for Long Beach is a subtraction to Chinese living 
> standards.
> 
> I cannot see how that could possibly be true...
> 
> 
> Brad DeLong
> 

-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]