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The Craft of Economics: Lessons from the Heckscher-Ohlin Framework

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A review of the Heckscher–Ohlin framework prompts a noted economist to consider the methodology of economics.

In this spirited and provocative book, Edward Leamer turns an examination of the Heckscher–Ohlin framework for global competition into an opportunity to consider the craft of economics: what economists do, what they should do, and what they shouldn't do. Claiming “a lifetime relationship with Heckscher–Ohlin,” Leamer argues that Bertil Ohlin's original idea offered something useful t...