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Pop Internationalismav Paul Krugman339
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"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.
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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
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.
Part 1 A zero-sum World?: competitiveness - a dangerous obsession; proving my point; trade, jobs and wages (with Robert Z. Lawrence); does Third World growth hurt First World prosperity? the illusion of conflict in international trade. Part 2 Economic theory, good and bad: myths and realities of U.S. competitiveness; economic shuttle diplomacy - a review of Laura D'Andrea Tyson's "Who's bashing whom?" what do undergrads need to know about trade? Part 3 The emerging world: challenging conventional wisdom; the uncomfortable truth about NAFTA; the myth of Asia's miracle. Technology and society: technology's revenge; the localization of the world economy.