"Pop internationalists" -- people who speak impressively about international trade while ignoring basic economics and misusing economic figures are the target of this collection of Paul Krugman's most recent essays. In the clear, readable, entertaining style that brought acclaim for his best-selling Age of Diminished Expectations, Krugman explains what real economic analysis is. He discusses economic terms and measurements, like "value-added" and GDP, in simple language so that readers can understand how pop internationalists distort, and sometimes contradict, the most basic truths about world trade.All but two of the essays have previously appeared in such publications as Foreign Affairs, Scientific American, and the Harvard Business Review. The first five essays take on exaggerations of foreign competition's effects on the U.S. economy and represent Krugman's central criticisms of public debate over world trade. The next three essays expose further distortions of economic theory and include the complete, unaltered, controversial review of Laura Tyson's Who's Bashing Whom. The third group of essays highlights misconceptions about competition from less industrialized countries. The concluding essays focus on interesting and legitimate economic questions, such as the effects of technological change on society.
Pop Internationalism
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"Everything Mr. Krugman has to say is smart, important and even fun to read. Paul Krugman is no household name, but probably should be... he is one of a handful of very bright, relatively young economists who do everything well." Peter Passell, New York Times Book Review
About the Author
Paul Krugman is Professor of Economics and International Affairs at Princeton University and a New York Times columnist. He was awarded the Nobel Prize for Economics in 2008.
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In June 1993, Jacques Delors made a special presentation to the leaders of the nations of the European Community, meeting in Copenhagen, on the growing problem of European unemployment. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
In June 1993, Jacques Delors made a special presentation to the leaders of the nations of the European Community, meeting in Copenhagen, on the growing problem of European unemployment. Read the first page
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5 of 5 people found the following review helpful
By A Customer
Format:Paperback
If you have an interest in the field of economics, this book is likely to leave the mark on you. Concepts like "competitiveness" and "trade policy" (just to mention a few) won't look the same to you after you have finished reading the book. Actually, this book can serve as a gateway to the field of International Economics, as it can open your mind and spur your thoughts and interest on the subject. So far, in my limited experience, the most successfully written book from Krugman. Being made by an economist, it is most likely to be appreciated by readers with some background in economics. A "must" for students and ... politicians (yes!).
4 of 4 people found the following review helpful
By A Customer
Format:Paperback
Krugman has a rare ability to summarise key insights from economic theory, supporting them with powerful real-world examples, in order to make a profound impression on the reader. As an undergraduate economist myself, I found the first half of the book, in which Krugman recalls basic trade theory (that he shows to have been neglected by so many prominent commentators), a little repetitive, but the second half, in which he covers pressing current issues such as localisation of economies and myths of the Asian economic miracle, was an absolute revelation in clarity and foresight. A must for anyone interested in learning why the conventional wisdom on international trade is so often misplaced.
1 of 1 people found the following review helpful
By A Customer
Format:Hardcover
This is a very good book and I will buy copies for several friends who speak the most eggregious crap about economics. But for a trained economist much of it should not be a surprise. The first half of the book is a background in basic trade theory for non-economists. Being an economist by training I thought this was a touch repetitive but basically solid. The second half contained some startling essays applying the first half items to real world problems. In this part Krugman tears apart the current "orthodoxy" on "National Competitiveness". GOOD STUFF AND OVERDUE. The reveiw of Laura Tyson's "who is bashing whom" is particularly good. But if you understood your second year trade theory books then there should be nothing too much new here. And the repetition (aimed at non-economists) will bug you somewhat.
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Most Recent Customer Reviews
5.0 out of 5 stars
very good book about a very difficult subject
I have to admit I have enjoyed reading the rambling confused one-star reviews as much as I enjoyed reading the book.
Published on 18 Aug 1999
1.0 out of 5 stars
A straw man hacked up with vigor and thoroughness.
Today, in 1999, it's hard to believe that there ever was any reason to worry that Clinton would pay heed to the words "targeted trade intervention" or... Read more
Published on 20 Feb 1999
4.0 out of 5 stars
Overall, a good book on economics, but it's been said better
While the information presented in this book is very interesting and has good evidence to back it up, I must say that I was much more impressed with some of the other... Read more
Published on 30 Nov 1998
5.0 out of 5 stars
If it ain't broken don't fix it!
Well written and enlightening. Finally someone who dares stand up to voodoo theories and policies. As an economist, I was becoming disgruntled about the kind of information the... Read more
Published on 22 July 1998
1.0 out of 5 stars
establishment economist out to screw the little guy
This book had both good and bad features. First, the good. Krugman, in chapter six, explains very well how government action and intervention can create comparative advantage in... Read more
Published on 20 Jun 1998
5.0 out of 5 stars
The sort of visions you need...
In the first chapters, I found it deeply satisfying that the author pointed out at the uncertainties which were often hidden behind good-looking expressions used everywhere in the... Read more
Published on 8 Jun 1998
5.0 out of 5 stars
I was convinced
I admit that I was one of those fools who read Michael Crichton's "Rising Sun" and got all bent out of shape about the Japanese. This book set me straight.
Published on 6 Jun 1998
4.0 out of 5 stars
Yea, sure, but....
I agree that this a very good book, and a great overview of int'l economics. Still, his bash on Reich is misplaced. Read more
Published on 27 April 1998
5.0 out of 5 stars
Iconclasticism from someone who knows what he's on about.
John Kenneth Galbraith once called economics, "a failed profession". Apparently he lacked students like Prof. Paul Klugman. Read more
Published on 6 April 1998
5.0 out of 5 stars
Economic doomsday prophets, hold on to your seats.
So you think that the Japanese and Koreans will eat us alive in the international trade arena, that in a few years all US jobs will move south of the border, or that we must... Read more
Published on 21 Nov 1997
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