He advanced his agenda by recruiting two other scholars, historian Bertil Boëthius (1885–1974) and economist Arthur Montgomery.

[4] During World War I, his attitudes shifted, as he became a proponent of economic liberalism and a staunch opponent of state interventionism.

Heckscher's "The Effect of Foreign Trade on the Distribution of Income" was groundbreaking but originally gained little attention for several reasons.

Finally, Heckscher was a Jew which was a factor because, just as the significance of the article became apparent beyond Sweden, the rise of anti-Semitism globally and Nazism bans on Jewish authors arguably delayed its greater recognition until after World War II.

Ohlin won the Nobel Memorial Prize in Economic Sciences in 1977 long after Heckscher's death.

In countries with an abundance of capital, wage rates tend to be high; therefore, labor-intensive products, e.g. textiles, simple electronics, etc., are more costly to produce internally.