Increased demand for these specialized factors eventually makes them more expensive, and thus international trade equalizes the initial relative advantage one nation has over its trading partners. (O ricardo, d.) Ohlin’s contributions were first published in his Interregional and International Trade (1933). In 1977 Ohlin was awarded the nobel prize in Economics.
Okun, Arthur M. (1928-80). In 1962 Okun’s work on the full employment level of gross national product was published in the American Statistical Association Proceedings: Potential G.N.P.: its Measurement and Significance. This work led to what is now referred to as okun’s law, concerning the relationship between G.N.P. and employment. His graduate studies, completed in 1956, were undertaken at Columbia
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