# Profs. Baumol & Gomory's book, "Global Trade and Conflicting National Interests," is mentioned

1 Faculty News January 30, 2014 ![Los Angeles Times logo](/sites/default/files/styles/246w/public/assets/images/con_032838.jpg?itok=d4eVwIbD)>

Excerpt from [The Los Angeles Times](http://www.latimes.com/opinion/commentary/la-oe-prestowitz-sotu-trade-deficit-20140130,0,1832709.story#axzz2rtHZNwMt) -- "As former IBM chief scientist and former Sloan Foundation President [Ralph Gomory](http://www.stern.nyu.edu/faculty/bio/ralph-gomory) and former American Economics Assn. President [William Baumol](http://www.stern.nyu.edu/faculty/bio/william-baumol) noted in their groundbreaking book, 'Global Trade and Conflicting National Interests,' free trade is not always a win-win proposition. It can be win-win under some circumstances, but it can also be a losing proposition under other circumstances. For the United States, the latter has too often been the case."

[Read more](http://www.latimes.com/opinion/commentary/la-oe-prestowitz-sotu-trade-deficit-20140130,0,1832709.story#axzz2rtHZNwMt)