In any case the collection of economic classics includes Principles of Political Economy and Taxation by David Ricardo, in which the concept of comparative advantage was first introduced. Apparently Mr. Krugman has forgotten this concept and thrown 200 years of economic thought out the window, because it makes it easier to bash Republicans.
But for American workers the story is much less positive. In fact, it’s hard to avoid the conclusion that growing U.S. trade with third world countries reduces the real wages of many and perhaps most workers in this country. And that reality makes the politics of trade very difficult.
What basic economic concepts will he throw out next? Supply and demand? GDP = C + I + G + (X-M) ?