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Economics 1st Edition

3.8 out of 5 stars 8 customer reviews
ISBN-13: 978-1572591509
ISBN-10: 1572591501
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Editorial Reviews

Review

'The European adaptation of Krugman provides an outstanding introduction to Economics. To a very high standard this text allows students to gain a firm understanding of economic ideas and principles. At the same time it brings the subject alive through topical and up-to-date examples and illustrations relevant to the contemporary European economy.' Andrew Healey, University of Swansea, UK 'The applications using real world examples and the clarity of exposition make this the most accessible introductory text in economics around at the moment.' Stephen Smith, London Metropolitan University, UK --This text refers to the Paperback edition.

About the Author

PAUL KRUGMAN is Professor of Economics at Princeton University, where he regularly teaches the principles course. He received his BA from Yale and his PhD from MIT. Prior to his current position, he taught at Yale, Stanford, and MIT. He also spent a year on the staff of the Council of Economic Advisers in 1982-1983. His research is mainly in the area of international trade, where he is one of the founders of the "new trade theory," which focuses on increasing returns and imperfect competition. He also works in international finance, with a concentration in currency crises. In 1991, Krugman received the American Economic Association's John Bates Clark medal. In addition to his teaching and academic research, Krugman writes extensively for nontechnical audiences. Krugman is a regular op-ed columnist for the New York Times. His latest trade book is a best-selling collection of his Times articles entitled The Great Unraveling: Losing Our Way in the New Century. His earlier books, Peddling Prosperity and The Age of Diminished Expectations, have become modern classics. ROBIN WELLS is Researcher in Economics at Princeton University, where she regularly teaches undergraduate courses. She received her BA from the University of Chicago and her PhD from the University of California at Berkeley; she then did postdoctoral work at MIT. She has taught at the University of Michigan, the University of Southampton (United Kingdom), Stanford, and MIT. Her teaching and research focus on the theory of organizations and incentives. She writes regularly for academic journals. KATHRYN GRADDY is Professor of Applied Economics at the University of Oxford and a Fellow of Exeter College, Oxford, where she regularly teaches introductory microeconomics and macroeconomics to undergraduate students. She received her BA from Tulane University, her MBA from Columbia University, and her PhD from Princeton University. She came to Oxford in 1993 as a Junior Research Fellow of Jesus College, Oxford, and from 1995 to 1998 taught Managerial Economics at the London Business School and has therefore lectured in the UK for over 10 years. Her current research focuses on the economics of art auctions. --This text refers to the Paperback edition.
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Product Details

  • Hardcover: 1200 pages
  • Publisher: Worth Publishers; 1st edition (December 28, 2005)
  • Language: English
  • ISBN-10: 1572591501
  • ISBN-13: 978-1572591509
  • Product Dimensions: 8.7 x 1.5 x 11 inches
  • Shipping Weight: 4.8 pounds
  • Average Customer Review: 3.8 out of 5 stars  See all reviews (8 customer reviews)
  • Amazon Best Sellers Rank: #915,133 in Books (See Top 100 in Books)

More About the Author

Paul Krugman is the recipient of the 2008 Nobel Prize in Economics. He writes a twice-weekly op-ed column for the New York Times and a blog named for his 2007 book "The Conscience of a Liberal." He teaches economics at Princeton University. His books include "The Accidental Theorist," "The Conscience of a Liberal," "Fuzzy Math," "The Great Unraveling," "Peddling Prosperity," and two editions of "The Return of Depression Economics," both national bestsellers.

Customer Reviews

Top Customer Reviews

Format: Hardcover Verified Purchase
The three most popular books for teaching freshman-level econ in college (and AP Econ in high schools) are, in order, McConnell and Brue, Mankiw, and this one.

It's being talked about as the next big text in the field.

If you read Krugman's column, he leans to the left, sometimes far to the left. But he's not like that in this book, which is firmly centrist.

And I'm no big Krugman fan, but I have to say: this book totally kills McConnell and Brue. Krugman's years of experience as a writer really show through: the text is never boring.
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Format: Hardcover
I have this book ("Economics") and have only dipped into it so far - but Amazon doesn't allow me to bypass the star rating so I'll give it 5, just to be positive.

My warning though is that, when I look at the book in Amazon, I am encouraged to buy "Macroeconomics" by the same authors.

The problem is, as far as I can tell from the chapter summaries and sample chapters on the publisher's website [...], "Macroecomics" has the same content as "Economics", except that "Economics" also includes microeconomics (which is another book in itself). (Incidentally, that website has lots of good material on the books, including sample chapters.)

In other words, the contents of "Economics" is very roughly:

1) Introduction to economics, supply & demand and other subjects common to both micro and macroeconomics;
2) Microeconomics;
3) Macroeconomics.

The separate book "Macroeconomics" is parts 1) & 3), and the separate book "Microeconomics" is parts 1) & 2).

[...]
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Format: Hardcover
This is a very low-level introductory textbook on economics. It assumes no prior background and is written to be accessible to a general audience. Most college students should have no trouble reading and understanding this book. The coverage of topics is pretty broad, and the book covers both macro- and micro-economics. The book, however, is extremely mainstream, to the point of being a bit lacking in coverage of topics. In addition, there is a disconnect between the book's prose (which is strictly verbal and has little math) and the problem sets, which are easy, but have a large quantitative component.

The style of writing is clear. The typesetting and layout are also very clear, with key terms highlighted and definitions listed in the margins. There are also about the right number of graphs and little inset paragraphs to keep things interesting. I found most of the graphs to be pretty informative. Although the book does not get into much mathematics, it does gently introduce some as the book goes on.

I have two complaints about this book. The biggest one is that it is written from a perspective that seems a bit biased, and omits a lot. The authors do not seem to adequately explore things that are wrong with our society, including poverty in countries like the U.S., and environmental problems. Occasionally, the authors make statements that are extremely objectionable. For example, when discussing money in chapter 30, the authors make the assertion that money's role as a store of value and medium of exchange are necessarily linked, but they do not discuss the ways in which these two roles can be contradictory in the long-run.
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3 Comments 47 of 67 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
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Format: Hardcover Verified Purchase
The book arrived ahead of promised delivery date and was in very good condition for a used copy. Since this is the purchase for my daughter for her upcoming economics class (Micro & macro), I will leave the real book review to others. Nevertheless, I found the book is easy to understand and well organized.
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