How ‘classical’ has the world ever been? To what extent can ‘new’ trade theory help us to understand the 1st

How ‘classical’ has the world ever been? To what extent can ‘new’ trade theory help us to understand the 1st globalisation?
One for @paulkrugman Hungerland and Wolf examine trade date for Imperial Germany pre 1914 to show importance of new trade effects.
voxeu.org/article/panopt… https://t.co/E3Op2NSWYM

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