Dead but unsurprised, 2 economists foresaw crisis like Trump's win, Brexit

The two Swedes recognised the underbelly of global trade: prosperity doesn't distribute evenly

Economists Eli Heckscher (1879-1952) and Bertil Ohlin (1899-1979) died more than three decades ago. But it’s fair to assume that neither would have been surprised by the underlying causes of Donald Trump’s election as president of the United States, or Brexit for that matter.

Their Heckscher-Ohlin (H-O) model of international trade – developed at the Stockholm School of Economics in the 1930s – clearly predicted today’s middle-class discontent bellowing at the ballot box.

The two Swedes recognised the simple but too-often-overlooked soft underbelly of global trade and