Abstract
Few economics articles have achieved the celebrity that still attaches to the paper, “Protection and Real Wages”, by Wolfgang Stolper and Paul Samuelson in (1941). In this paper I discuss how the Stolper-Samuelson theorem has been re-interpreted over subsequent decades, and how attempts to generalize the theorem to higher dimensions have met with qualified results. The theorem leads to a simple proposition in political economy: in competitive models any productive factor can have its real return increased by a non-transparent policy whereby relative commodity prices are altered if there are enough commodities and joint production, is not too severe.
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