International Economics: Theory and Policy (6th Edition)
International Economics: Theory and Policy (6th Edition)By Paul R. Krugman, Maurice Obstfeld,
Publisher:Addison Wesley
Number Of Pages:784
Publication Date:2002-07-26
Sales Rank:101278
ISBN / ASIN:0201770377
EAN:9780201770377
Binding:Hardcover
Manufacturer:Addison Wesley
Studio:Addison Wesley
Average Rating:3.5
Total Reviews:17
http://rapidshare.com/files/388166/International_Economics__Krugman_.pdf
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Date: 2006-02-27Rating: 5
Review:
An important and useful text for understanding trade theory
Krugman and Obstfeld, two world renowned international economists, provide a full detailed analysis and examples for the basis of trade among nations. It is relatively straightforward to comprehend for both economists and noneconomists. International trade is an important component of economic policy for the growth and development of countries. This book examines various theoretical trade models and provides real world examples of policy formulation and their impact. The authors do not take any political positions, thus making their analysis a purely objective, or positive study.
I would highly recommend this book to students interested in doing research in international trade and development. It is a must read for prospective international economists. Noneconomists might also find it as a useful reference. I found the book to be invaluable in my graduate research and dissertation.
Date: 2006-02-25Rating: 4
Review:
Krugman
Some complicated theories explained in a way that can be understood.
Esay flow from a concept to the next.
Date: 2005-04-03Rating: 1
Review:
Not What I've Come to Expect from Krugman
First off, even if you totally discount the rest of my review, buy the low price international version of this book. On the March 10, 2005 episode of the daily show Krugman elucidated his feelings quite clearly. \"The real money is in textbooks. With other books, people need to decide whether to buy them or not. Students have to buy textbooks.\" Thanks Paul. I think I'm being charitable when I say that at $125 this book is a ripoff. It isn't even full color.
Anyway, on to the actual content of the book. I have to say that I was excited when I found out that my International economics course at Stanford was going to be using Paul Krugman's book. I've enjoyed his articles for the New York Times because they manage to cut right to the core of issues with an unusual amount of punch. Yet, time and time again I was disappointed with the frequently inpenatrable language and obtuse, unrealistic examples in this book. Unfortunately, the only part of Krugman's characteristic writing style that came through was a feeling of overwrought vitriol, which makes sense in an op-ed but has little place in a textbook. Furthermore, this book occupies a strange niche in the world of econ texts, it is not mathematically rigorous, nor is it well written. Usually we see one or the other but rarely both. Initially, I thought these observations were mine alone, but other students began openly voicing pointed criticisms of the book during class (and I am perhaps being too kind here in not repeating them). I've been in school nearly as long as I can remember and I have never seen such discontent with a text.
During the second half of the course even my econ prof became fed up and abandoned the book altogether. Given that, I find all of the positive reviews for this book rather astounding. My suspicion is that there might have been open rebellion amongst my classmates had not the professor decided to leave this text by the wayside. I also found that it is brimming with misplaced, one-sided arguments that come across as Krugman blatantly strawmanning arguments opposed to his own. One of many examples of this comes out of nowhere near the end of chapter 2. Krugman implies that anyone who doesn't believe in unmitigated free trade is intellectually irresponsible!?! This book pushes for unrestrained market fundamentalism throughout, primarily by misrepresenting any arguments that would effectively challenge it's simplistic and seemingly outdated dogma. This book, in particular, feeds into the same system of self serving scientism so prevalent in economics for the last 60 years.
Please don't mistake this review as the bile of a jilted student, I did quite well in the course. However, this is almost certainly the result of looking for alternative explanations of virtually every topic covered. The reason this book gets one star instead of two is because it lacks a lot of the modern learning tools prevalent in almost every other textbook. Things like quality questions, keywords, vocabulary and historical context all get short shrift in this this volume. If you're into learning about incomplete models that only represent a theoretical version of the world, this book is for you. Unfortunately, just like Krugman said on The Daily Show, if you are a student there is probably little chance that you have a choice on the matter. Buy the cheap international edition for 20 bucks. I would recommend that you use to the difference to buy William Easterly's Elusive Quest for Growth...and a beer.
Date: 2004-06-29Rating: 5
Review:
The Undergraduate International Economics Standard
Well, I will start off by saying that the book really probably only deserves somewhere between 4-4.5 stars, but I'll give it 5 to offset some of the questionable reviews below.
No, the book is not perfect. However, it is an academic standard at pretty much any major college or university for teaching undergraduate International Econ/Trade theory, and for good reason. The book makes a clear a concise presentation of basic theory and policy, perhaps in points it is a little too simple. As pointed out, while I'm not sure about the 6th edition, there were some diagrammatical mistakes in the 5th...I bet, however, these were done by a graduate student. A quick bit of reasoning and a second of thought should yield the appropriate picture, however. And yes, I think a bit of Krugman's bias comes through, though its not terribly off-putting.
The book could use a bit more math I think. The real equations and difficult problems are few and far between, and are, for the most part, pretty straight forward. At the very most it would take a basic understanding of calculus, but the majority of the problems and equations can be explained and done without it. I have read a number of undergraduate economics books with far more intensive math. Despite this lack, however, the intentions come across pretty well.
No, this book is not for beginners to economics. At least an undergraduate course or reading in both micro and macro are needed, and really and truly, an intermediate level in each is probably better if one wants to get the most out of the book.
If you find the subject matter within to be terribly math intensive and you cannot get motivated to read the subject matter because it doesn't use \"pizza and beer\" (and um...I don't think I'd want an imported pizza anyway, but thanks), well I guess the subject and this book are not for you. However, if you are trying to enrich your understanding of economics at a very basic level, this book provides a good way to do so.
And, if you want graduate level book, and like Obstfeld, I recommend he and Rogoff's book.
Date: 2004-06-13Rating: 4
Review:
Not a bad book.... Too bad its a bit baby
Having taken a class on Commodity Flow Theory (Micro) and a seperate class on Int'l Finances (Macro), I can say that I enjoyed the former much more then the latter. I used Krugman's latest edition for the former and thought it was adequatly written for the scope of the class.
I really wish they would make undergraduate Economics more rigirous as I believe many undergrads who have taken 2 or 3 university math courses (up to the linear algebra level) could easily understand most of the mathematics found in \"high brow\" Economics theory.
Seeing I've only had the pleasure of reading two textbooks on the subject (and different sections of each respective book), I am not in a position where I can make a relative judgment on the quality of the material.
I felt Krugman's writing (I am assuming the majority of the micro section is his writing) was mostly neutral. I found, from my reading, the only section that could have been biased was the section on political economy, but since I am unfamiliar with that field in general I cannot make a more descriptive comment.
Overall, I liked the fact that their was some mathematical indexes at the end of the chapter (something my other int'l economics textbook lacked). I've come to expect the option of a more quantiative treatment in most modern textbooks (both my intermediate macro/micro and econometrics text were layed out in this fashion).
So in conclusion, the text was easy to understand, well organized, and perhaps abit biased.... However, if you are just being introduced to the matter, I doubt you will notice much of the bias since the majority of what he covers in the book are well established models and theories.
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