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4.0 von 5 Sternen salem is wrong- krugman is telling it like it is
The problem the Krugman is trying to point out, and the reality that the reviewer from salem simply doesn't want to face, is that just because you are skilled as an autoworker doesn't mean the economy is always going to value your skills or even have a job for you. Saying that an industry MUST keep all its autoworker jobs, even when productivity is up and demand is...
Veröffentlicht am 9. Dezember 1999 von plunge

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1.0 von 5 Sternen 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 "protectionism" whispered into his ear by "pop internationalists." That said, Krugman is quite right to note that Clinton's rhetoric throughout his administration has tended to reduce the...
Am 20. Februar 1999 veröffentlicht


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4.0 von 5 Sternen salem is wrong- krugman is telling it like it is, 9. Dezember 1999
Rezension bezieht sich auf: Pop Internationalism (Taschenbuch)
The problem the Krugman is trying to point out, and the reality that the reviewer from salem simply doesn't want to face, is that just because you are skilled as an autoworker doesn't mean the economy is always going to value your skills or even have a job for you. Saying that an industry MUST keep all its autoworker jobs, even when productivity is up and demand is down, is litterally the same thing as saying that consumers must buy cars they don't want relative to other goods they could have bought. And that's ludicrous. As happens when demand is so variable and technological change is so fast is that certain industries just become less and less dependant on labor. But this is only half the story. Is it tragic that people lose their jobs? Of course- but wouldn't it be equally tragic if the economy provided people with things they didn't need (and neglected some that they did) at higher prices and a reduced standard of living for everyone? And Krugman has a golden bullet- people lose their jobs, but the Marxist assumption that they'd simply remain an out of work labor army is ridiculous- productivity labor reducing gains in one industry only mean that other industries can increase output and require more labor. In fact, because of the new income from productivity gains, the economy litterally will demand those new jobs, unless there's a recession, which Krugman also describes how to do deal with. The central point is that in a modern economy, there can be no industry based job security. Unions simply can't understand that- it's inimical to their very purpose- but there's really nothing _anyone_ can do, short of planning, that can stop it. And no one should either- out of all the possible economic paths, it's the best we know. Krugman's got the bases covered.
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4.0 von 5 Sternen Excellent Intro to Trade Theory, 27. Juni 2000
Rezension bezieht sich auf: Pop Internationalism (Taschenbuch)
This collection of essays written by Krugman from the early to mid-1990s are an excellent source of clear thinking on international trade. They also represents what seems like a "pet peeve" to Krugman, namely, the constant reference by academics and laymen to international trade as a win-lose situation in which the United States has much at stake.
Krugman spends most of the essays repeating a very important theme: international trade is not a zero sum game and thinking of nations engaged in international trade as corporations writ large leads to serious errors. He disabuses the likes of Robert Reich and Lester Thurow, who falsely warn of the "dangers" of the U.S.'s lack of "competetiveness," by using the classical economic analysis of David Hume and David Ricardo and simple empirical analysis.
Krugman reiterates Hume's idea that a trade imbalance--importing more goods and services than you export--is an inherently self-correcting process that tell us little about the economic health of a given nation. He also crunches a few numbers to show that even if the worst of what "pop internationalists" think to be true becomes so, the U.S. will only lose a relatively trivial amount of jobs to cheaper third-world manufacturers. Ricardo's principle of comparative advantage is also pounded by Krugman over the head of the reader, and for good reason I think, to show that all nations as a whole will be better off with increases in world trade, although certain sectors (such as low-skilled in the U.S.) will need to adjust over time. He also blames U.S. domestic policy and and internal economic problems, such as low productivity growth, for economic ills that are genuine.
Krugman's overall theme is that free trade is the best long-run solution of the economic health of all nations, especially developing ones. However, Krugman (to his discredit in my opionion) is not a complete free trader as he hints at how "strategic trade theory" may be able to help a nation be better off in principle, but admits it is diffcult to do so in reality.
This book is also a good test case of economic sociology: showing how different the public's perception of what is going on in the economic world is from the truth. Krugman constantly cites statistics showing that other nations pose no economic threat to Americans at all, and how politicians and the sloppy economists referred to above are literally making a fuss over nothing. He uses NAFTA as a case in point.
A witty and clear writing style is used throughout. It is somewhat dated since the essays were written during the recession of the 1990s.
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4.0 von 5 Sternen The reviewer from south salem new york is wrong about Krugma, 27. März 1999
Von Ein Kunde
Rezension bezieht sich auf: Pop Internationalism (Gebundene Ausgabe)
An angry reviewer from South Salem, New York, criticizes Krugman for ignoring "the serious matter of intra-industry trade". Something that is not true. The same reader gives us his/her personal definition of the concept, "Intra-industry trade means a condition in which countries export to one another the same product". That definition is fundamentally wrong! Let me give you an example of the real meaning of the concept: the US sells GM sedans to Japan, and Japan sells Toyota sedans to the US consumers. Are they the same good? Consumers don't think so. In order to make their decisions, consumers take in consideration the products' "differentiated attributes" to determine "value" according to their personal preferences and financial constrains. Why do we buy different books? Why do we wear different cloths? Why don't we all have iguanas as pets? Apparently, the reviewer from South Salem, NY, does not understand much about economics, or even about how or why he/she makes his/her economic choices. Thus, disregard his/her comments about Krugman's book, and take them as the angry words of a fundamentalist against the "evil" force of international trade.
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5.0 von 5 Sternen The sort of visions you need..., 8. Juni 1998
Von Ein Kunde
Rezension bezieht sich auf: Pop Internationalism (Taschenbuch)
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 media and that no one dares to challenge (or even thinks of it !) because they are so often repeateted. Refreshing ! There is no deeply new stuff about International Trade but, although repetitive, it is not boring, so enjoyable is the bashing against other well-known essayists. (I don't know them all, but you can't ignore their numerous alter ego in France) The secund part is clever as well. Even if it is not operational knowledges (with precise numbers, deadlines and forecasts), these broad views help very much to (try to) understand our world. The last chapter, with its brilliant insights about the look of yesterday's and today's cities,is a vision to meditate.
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5.0 von 5 Sternen Economic doomsday prophets, hold on to your seats., 21. November 1997
Von Ein Kunde
Rezension bezieht sich auf: Pop Internationalism (Taschenbuch)
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 protect our capital stock to prevent our prosperity to flow elsewhere in the world. Well, think again. With simple national accounts and basic trade theory, Krugman warns us against the doomsday prophets of international trade who fuel the paranoia of competitiveness in the open economy. It may not be fashionable in academic circles (specially around Lester Thurow and Robert Reich, against whom Krugman takes a particularly nasty swing), but the truisms of Ricardian economics still hold valid: Trade balances in the medium term, and we'll be just OK. Just think about comparative advantage, a concept pop internationalists have apparently forgotten about.
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5.0 von 5 Sternen Iconclasticism from someone who knows what he's on about., 6. April 1998
Rezension bezieht sich auf: Pop Internationalism (Taschenbuch)
John Kenneth Galbraith once called economics, "a failed profession". Apparently he lacked students like Prof. Paul Klugman.
In recent times popular punditry would have us thinking that the world was economically divided into fiercely competitive national economies. The most common divide pitted the US and Europe against various 'low wage' economies emerging in the third world. Klugman examines such claims using the techniques of undergraduate economics and finds the idea wanting. Instead, he points out that since 1973, annual US real wage growth has stagnated at 0.3% for purely domestic reasons.
_Pop_Internationalism_ is not light reading. But it is certainly rewarding, and brief.
I would also recommend Jeff Maddrick's _The_End_of_Affluence_ for a more thorough review of the data.
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4.0 von 5 Sternen Free trade, 23. April 2000
Rezension bezieht sich auf: Pop Internationalism (Taschenbuch)
It is a very well written book for non-economist and maybe forsome economists who are a bit rusty. Krugman as always warns peoplenot to be intellectually lazy. Intellectual laziness can lead one tofall into the conventional wisdom trap. One must be wary of conventional wisdom as it is often wrong. The author explains very well what free trade is about for a country. It is certainly not a zero-sum game. A country always gains from free trade. However there are some redistributional effects. The country may gain as a whole but certain industries lose. The main lesson from the book is that a country's economic well-being is mostly determined by domestic policies. That is especially true for big economies like the US where trade (exports) represents about 10 to 12 % of gross domestic product (GDP). END
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4.0 von 5 Sternen Overall, a good book on economics, but it's been said better, 30. November 1998
Von Ein Kunde
Rezension bezieht sich auf: Pop Internationalism (Taschenbuch)
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 economics-for-dummies books: _The Armchair Economist_ (which is an excellent overview), and _Hidden Order_ (which is considerably more in-depth). There are a few points in this book (_Pop Internationalism_) which aren't covered by the other books, however. The main point is that all of these books dispel horrible untruths in the media regarding economics. An example from _The Armchair Economist_ is that the New York Times would never think of publishing an economist's theories of physics without consulting a physicist, but not vice versa (with an actual example from the New York Times).
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4.0 von 5 Sternen It's What Culture Is All About, 25. Mai 2000
Rezension bezieht sich auf: Pop Internationalism (Taschenbuch)
Bravo Paul Krugman. Can the "Just do it" mind set ever understand the issues you raise? Thank you for showing us that solid, basic theory is required to solve certain problems. Thank you for chastising those who would face theoretical problems without training (amateurs?). Throughout your intelligent book, I was reminded of Pascal's thought on limping minds: "A man with a limp in his leg recognizes that he is limping; yet a limping mind believes that it is others that limp along, which makes it all so doubly infuriatng." Please continue your very socratic exposé of those who hate that mark of a cultured mind: to know the limits of theory, yet also its power.
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5.0 von 5 Sternen One of those books that leaves the mark, 4. Mai 1999
Von Ein Kunde
Rezension bezieht sich auf: Pop Internationalism (Taschenbuch)
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!).
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