A contrarian trading theory recommends making investments contrary to the apparent direction of the market or commonly accepted wisdom. (thecollegeinvestor.com)
This argument, which seems more ideological than empirical, is based on standard trade theory in which there is an implicit assumption that any intervention will drive trade performance away from its optimum, so that the United States always gains from the further opening up of its own market, even if trade partners don't reciprocate. (carnegieendowment.org)
Donald Trump's selection of Peter Navarro, an economics professor at the University of California at Irvine, to lead a newly formed White House National Trade Council has set off furious debates around the country and the world about some fairly basic questions on trade theory. (carnegieendowment.org)