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Ti­tle: Cur­ren­cies, com­modi­ties and con­sump­tion Author: Ken­neth W Cle­ments

Pub­lisher: Cam­bridge Univer­sity Press, 2013. Pages: 397

Here is use­ful source for un­der­stand­ing our chang­ing eco­nomic world. The book also pro­vides a plethora of use­ful data from a va­ri­ety of sources - and the out­put from Cle­ments’ own re­search. It has a broad sweep, an­a­lyz­ing di­verse is­sues such as pur­chas­ing power par­i­ties, com­mod­ity prices, in­come and con­sump­tion com­par­isons across coun­tries, etc. What makes the vol­ume so ex­cit­ing is the con­stant al­ter­na­tion from the­ory to prac­tice and back. The dis­cov­ery that un­der­stand­ing one sub­ject helps to un­der­stand an­other is a use­ful one. This is also a key ref­er­ence to in­ter­na­tional economics, in­ter­na­tional fi­nance and ap­plied econo­met­rics.

While Cle­ments talks about Cur­ren­cies, Com­modi­ties and Con­sump­tion, the work is creative, highly pro­fes­sional and very in­for­ma­tive. The anal­y­sis is an­chored in deep his­tor­i­cal per­spec­tives with so­phis­ti­cated em­pir­i­cal tech­niques. The pre­sen­ta­tion of the ma­te­rial is clear and ac­ces­si­ble.

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