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Since the end of the second World War, economics professors and classroom textbooks have been telling us that the economy is one big machine that can be effectively regulated by economic experts and tuned by government agencies like the Federal Reserve Board. It turns out they were wrong. Their equations do not hold up. Their policies have not produced the promised results. Their interpretations of economic events -- as reported by the media -- are often of-the-mark, and unconvincing. A key alternative to the one big machine mindset is to recognize how the economy is instead an evolutionary system, with constantly-changing patterns of specialization and trade. This book introduces you to this powerful approach for understanding economic performance. By putting specialization at the center of economic analysis, Arnold Kling provides you with new ways to think about issues like sustainability, financial instability, job creation, and inflation. In short, he removes stiff, narrow perspectives and instead provides a full, multi-dimensional perspective on a continually evolving system.
Ein Plädoyer gegen Hyperglobalisierung und für eine gewisse demokratische Renationalisierung der Wirtschaftspolitik.
This book provides a simple but effective introduction to economics. Fully updated and revised, this fourth edition incorporates the recent changes that have taken place in the environment in which agriculture operates. Covering the impacts of the EU expansion to 28 Member States, major changes to financial support of agriculture, financial crises, economic recession and, in many countries, high levels of unemployment, it provides a rounded and up to date introduction to the subject. The inclusion of chapter-focused exercises, essay questions and further reading suggestions make this textbook an invaluable learning tool for students of agriculture, economics and related sectors.

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