That is the thrust of a new theory that has been gaining currency in Washington, on Wall Street, and in the financial press.

Dr. Fauvelle provides evidence that supports a third theory, the so-called "Trade Money Theory." The theory proposes that it was not internal barter problems that money was used to solve but ...

Marc Giannoni, the chief U.S. economist at Barclays, said that uncertainty over the direction of trade policy would encourage businesses to hold off on making new investments in factories and ...

Professor Paul Krugman was awarded the Nobel Memorial Prize in Economic Sciences, the sole awardee for 2008, for his work associated with New Trade Theory and for his analysis of trade patterns and ...