International Economics
A Heterodox Approach, 3rd Edition

By Hendrik Van den Berg



Now in its third edition, Hendrik Van den Berg’s International Economics: A Heterodox Approach covers all of the standard topics taught in undergraduate international economics courses. Writtenin a friendly and approachable style, this new edition is unique in that it presents the key orthodoxneoclassical models of international trade and investment, while supplementing them with a variety ofheterodox approaches. This pluralist approach is intended to give economics students a more realisticunderstanding of the international economy than standard textbooks can provide.

Changes to the new edition include:

• updates throughout to reflect recent world events, including coverage of trade negotiations and the Greek crisis;
• expanded discussion of pluralist approaches with more coverage of alternative schools of thought;
• discussions of the growing financialization of global economic activity;
• additional real-world examples;
• increased coverage of environmental issues; transnational corporations and their behavior in the international economy; the difference between international investment and international finance; and monetary history;
• a consolidated and updated chapter on international banking.

This book also maintains a broad perspective that links economic activity to the social and natural spheres of human activity, with emphasis on the distributional and environmental effects of international trade, investment, finance, and migration. Chapter summaries, key terms and concepts, problems and questions, and a glossary are included in the book.

Table of Contents

Part I Introduction to International Economics

I Interdependence!

2 Introduction to Heterodoxy

Part II International Trade Theory

3 Orthodox International Trade Theory: Why Mainstream Economists Like Free Trade

4 International Trade: Beyond the Neoclassical Perspective

5 International Trade: Imperfect Competition and Transnational Corporations

6 International Trade and Economic Development

7 International Trade, Human Happiness, and Inequality

PART III International Trade Policy

8 Tariffs, Quotas, and Other Trade Restrictions

9 The History of Trade Policy

10 International Trade Policy: A Holistic Perspective

PART IV International Investment and Finance

11 International Investment and International Finance

12 The Foreign Exchange Market

13 International Banking and Financial Markets

14 Exchange Rate Crises

PART V The History of the International Monetary System

15 Early Monetary History: Ancient Times Through the End of the Gold Standard

16 The International Monetary System: Bretton Woods to the End of the Twenty-First Century

17 Another Bretton Woods Conference?

Part VI Immigration

18 Immigration: The International Movement of People

19 Immigration Policy

20 The Evolving International Economy in an Ecologically Constrained World