p. 306 ; As cited in: Irwin, Douglas A. "Ohlin Versus Stolper-Samuelson." No. w7641. National bureau of economic research, 2000. p. 3.
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International trade theory has, in my opinion, given far too much attention to the effects of certain variations, for example, in duties, on the national incomes, and too little to the effects on individual incomes. In many cases, changes in the sums count for very little, while changes in the individual incomes are distinctly relevant.
— Bertil Ohlin
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "International trade theory has, in my opinion, given far too much attention to the effects of certain variations, for example, in duties, on the national incomes, and too little to the effects on individual incomes. In many cases, changes in the sums count for very little, while changes in the individual incomes are distinctly relevant." in the context of "p. 306 ; As cited in: Irwin, Douglas A. "Ohlin Versus Stolper-Samuelson." No. w7641. National bureau of economic research, 2000. p. 3." to mean that wisdom is timeless.
Source: Wikiquote: "Bertil Ohlin" (Quotes, Interregional and international trade. (1933): Ohlin, Bertil Gotthard. Interregional and international trade. Cambridge: Harvard University Press, (1933).)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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About Bertil Ohlin
Bertil Gotthard Ohlin (23 April 1899 – 3 August 1979) was a Swedish economist and politician, who together with Eli Heckscher developed one of the standard mathematical model of international free trade, the Heckscher–Ohlin model. He was jointly awarded the Nobel Memorial Prize in Economic Sciences in 1977 together with the British economist James Meade "for their pathbreaking contribution to the theory of international trade and international capital movements".
About Bertil Ohlin
Bertil Gotthard Ohlin (23 April 1899 – 3 August 1979) was a Swedish economist and politician, who together with Eli Heckscher developed one of the standard mathematical model of international free trade, the Heckscher–Ohlin model. He was jointly awarded the Nobel Memorial Prize in Economic Sciences in 1977 together with the British economist James Meade "for their pathbreaking contribution to the theory of international trade and international capital movements".
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