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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.
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.
policies. ceptionally accessible and fresh approach to economics which will assist and hold the attention of undergraduate students taking subsidiary modules in economics. It is ideal for students following a wide variety of courses who are not going on to specialize in economics. The book assumes no prior knowledge of economics. It is packed with learning aids such as end-of-chapter questions, summaries, lists of key terms, and frequent use of illustrative material. This new book introduces students to some of the key concepts used by economists, and shows how economics can be used to analyse a variety of important social and economic issues. To this end, concepts are often introduced in the context of real world applications, and many of the macroeconomic themes are presented in the context of their historical development. Brevity has been achieved by including only those economic concepts which are the most useful for aiding students' understanding of real events and policies. 'the writing style, the level of the exposition and the structure of the book are all excellent. The way material is introduced and explained is very clear and I think that the book will be very accessible for the intended audience... The cases presented are good choices which are likely to prove interesting to students.' Dr Martin J. Carter, Leeds University Business School
When it was first released in 2013, Arnold Kling’s The Three Languages of Politics was a prescient exploration of political communication, detailing the “three tribal coalitions” that make up America’s political landscape. Progressives, conservatives, and libertarians, he argued, are “like tribes speaking different languages. As a result, political discussions do not lead to agreement. Instead, most political commentary serves to increase polarization.” Now available as a newly revised and expanded edition, Kling’s book could not be any more timely, as Americans—whether as media pundits or conversing at a party—talk past one another with even greater volume, heat, and disinterest in contrary opinions. The Three Languages of Politics is an accessible, precise, and insightful guide to how to lower the barriers coarsening our politics. This is not a book about one ideology over another. Instead, it is a book about how we communicate issues and our ideologies, and how language intended to persuade instead divides. Kling offers a way to see through our rhetorical blinders so that we can incorporate new perspectives, nuances, and thinking into the important issues we must together share and resolve.
Helpman explains what shapes international production and distribution of goods and the resulting trade flows, and provides a clear, original account of the trade-theory revolutions of the 1980s and the post-recession. Though it contains no equations, Understanding Global Trade is mathematical in its elegance, precision, and power of expression.
In a book that looks at the birth of the industrial revolution and the rise of capitalism in the 17th and 18th centuries, the author argues that economic change--including change today--depends less on foreign trade, investment or material causes and more on ideas and what people believe. By the author of The Bourgeois Virtues.

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