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Title: World Trade and Payments: An Introduction (9th Edition) by Richard E. Caves, Jeffrey A. Frankel, Ronald W. Jones ISBN: 0-321-08904-9 Publisher: Pearson Addison Wesley Pub. Date: 20 July, 2001 Format: Hardcover Volumes: 1 List Price(USD): $119.00 |
Average Customer Rating: 3.67 (3 reviews)
Rating: 1
Summary: The Big Picture Missed
Comment: Currently I am a student of Professor Jones, one of the text's authors. The text is as drawling and insufficient as Jones' lectures. My first complaint is that there is a crisis of definition. Having only taken one economics course prior, I find that the text tends to move too quickly through topics of international economics, failing to provide illustrative examples so one can better understand how theory is put into practice. Second, the conceptual framework, as in all classical economic theory, is rooted in a place far from reality, a point Jones fails to make clear. The world is not perfectly competitive and does not contain countries equipped with fully developed capitalist institutions (like banking and credit), necessary to make internal economic adjustments in the face of free trade prices. I find the utility of the course to be very low, especially when free-trade is non-existent in the world. Discussions on the state of the contemporary world are sorely needed, if at least to serve as as comparison to the theoretical one constructed by this text. My last complaint is Jones' characterization of "anti-globalizers," those who he claimed "rioted" and were "violent" on the streets of Seatle in 1999 during the meeting of the WTO. The irony is that many of those protesters were advocating for FREER trade, pointing out that US farm subsidies cripple the economies of some underdeveloped nations who primarily produce agricultural commodities. The text's mypopic view of economics will not help those interested in learning how the world economy actually operates.
Rating: 5
Summary: Very clear instruction on international trade and finance
Comment: I found this book to be a very good learning tool, as the course reader for an introductory international economics course. I find that most textbooks are good as reference, not as learning tools, but this book is an exception. In a very concise manner, it builds theory upon theory of international trade, until the student has developed a strong set of analysis tools. The portion on international finance is good intro as well, even though it does not compare with more specialized texts. This text is sufficient to prepare the reader for any advanced trade issues, with the exception of more mathematically based arguments (which the book does not develop, given its focus on beginners).
Rating: 5
Summary: Thought provoking, intelligent textbook
Comment: This textbook for International Economics is a rarity. It's intelligent, exceptionally well written by the experts in the field. It does include a thorough review of the state-of-the-art theory of international trade and finance. To facilitate learning and yet challenge the reader, the authors equipped each chapter with really tough exercises. Only having solved them one might have an impression that he grasped the metarial really well. Good exercises are an indispensable companion of a student. Here we have one of the best I have ever seen. And I have seen a lot. Superior to other textbooks and highly recommended.
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Title: International Economics: Theory and Policy (6th Edition) by Paul R. Krugman, Maurice Obstfeld ISBN: 0201770377 Publisher: Pearson Addison Wesley Pub. Date: 26 July, 2002 List Price(USD): $119.00 |
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Title: International Economics With Infotrac College Edition by Robert J. Carbaugh ISBN: 0324159943 Publisher: South-Western College Pub Pub. Date: February, 2003 List Price(USD): $112.95 |
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Title: Economics of the Public Sector: Third Edition by Joseph E. Stiglitz ISBN: 0393966518 Publisher: W.W. Norton & Company Pub. Date: February, 2000 List Price(USD): $127.80 |
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Title: Introduction to Econometrics by G. S. Maddala ISBN: 0471497282 Publisher: John Wiley & Sons Pub. Date: 22 June, 2001 List Price(USD): $85.20 |
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Title: Introductory Econometrics: A Modern Approach by Jeffrey M. Wooldridge ISBN: 0324113641 Publisher: South-Western College Pub Pub. Date: 11 July, 2002 List Price(USD): $113.95 |
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