"Pop internationalists" speak impressively about international trade while ignoring basic economics and misusing economic figures. In this clearly written book, the author of The Age of Diminished Expectations explains what real economic analysis is and discusses economic terms and measurements, such as "value-added" and GDP, giving readera a better understand of how pop internationalists distort, and sometimes contradict, the most basic truths about world trade.
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A collection of essays about international trade seems destined to be a snoozer, but Paul Krugman, an economics professor at the Massachusetts Institute of Technology, somehow manages to write about an arcane subject in a lively manner that is actually entertaining. Krugman contends that many who are famed as experts on world trade actually misunderstand the subject completely, and he provides a startling commentary on some notables, from Lester Thurow to Ross Perot. Yet Krugman comes not merely to destroy; a reader can gain from his essays some real insight into economics, not to mention which economic commentators know their stuff.
Paul Krugman is Professor of Economics at Stanford University.
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