International Economics

Features

• Cover Type: Hard Cover with 880 pages
• Published by: Wiley
• Edition: 9th Edition January 2, 2007
• Written in: English
• ISBN 10 Number: 0471794686
• ISBN 13 Number: 978-0471794684
• Book Dimensions: 9.3 x 7.7 x 1.4 inches
• Weighs: 2.8 pounds

Product Description
The ninth edition of International Economics, by Dominick Salvatore, continues to present a comprehensive, up-to-date, and clear exposition of the theory and principles of international economics that are essential for understanding, evaluating, and suggesting solutions to important international economic problems and issues facing the world today.

Publisher Description
The number one book in the market, this text presents all the principles and theories essential to an in-depth understanding of international economics (trade and finance). Making the study of international economics manageable for undergraduates, the chapters feature an intuitive approach with more rigorous proofs presented in chapter appendices. Emphasizing the relevance of concepts and theories through numerous real-world examples and applications as well as over sixty actual case studies, this edition of this text is updated to reflect recent developments and still offers unfailingly evenhanded, unbiased coverage of policy and ideology issues. --This text refers to an out of print or unavailable edition of this title.

Reader Reviews
The author, Dominick Salvatore, is clearly an expert in the field. Unfortunately, his field appears to be Keynesian economics circa the 1960s, and is almost completely wrong, and at times, incoherently wrong. Imagine that in the 1940s to the 1970s, man's knowledge of chemistry was thrown out the window, and replaced with alchemy. This is what Keynesianism did to economics. I have only read the second half of the book, but it simply makes no sense. It rambles on and on about balance of payment "deficits," which are impossible, as the capital account and current account always will balance each other out. It is obsessed with "equilbria" and "disequilibria," based on a mythical "balance of payments" deficit and surplus, rendering such diversions meaningless. The text dumbly assumes that trade between a person across the street from you is completely different from a person across the world from you, and senselessly assumes that government intervention in the economy can achieve policy objective, contrary that the entire historical record indicates this is not the case. Reading this text, one feels like they are in a particularly blighted region of the 19th century, or in Soviet Russia. There is incredibly little of accurate knowledge in this horrifically bad text. Knowing what's in it might be good for passing an exam, but it doesn't teach anything useful beyond that, and unfortunately, it's over reliance on graphs, with mind numbing references to said graphs splattered across multiple pages, makes it very difficult to pull anything together. In summary, Salvatore is an expert in a discredited field, and I am sure if he put in the time and thought, the 10th or 11th edition could actually begin to approach a modern understanding of economics, instead of the dark ages of economics, and thereby become a useful education tool, as opposed to one of indoctrination of failed principles and concepts.