- Paperback: 432 pages
- Publisher: Worth Publishers; First Edition edition (October 9, 2009)
- Language: English
- ISBN-10: 1429202483
- ISBN-13: 978-1429202480
- Product Dimensions: 8.6 x 0.6 x 10.9 inches
- Shipping Weight: 1.2 pounds
- Average Customer Review: 4.1 out of 5 stars See all reviews (27 customer reviews)
- Amazon Best Sellers Rank: #723,913 in Books (See Top 100 in Books)
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Modern Principles: Microeconomics First Edition Edition
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Top Customer Reviews
"Here are a few of my favorite things Modern Principles:
1. It has the most thorough treatment of the interconnectedness of markets and the importance of the price system; most texts only pay lip service to this.
2. It is the most Hayekian of the texts on micro theory without in any way ignoring the importance of externalities, public goods and other challenges to markets.
3. It has an entire chapter on ethics and economics. We do present economics as a value-free science, yet we all know how much ethics shapes people's economics views. The book helps the student sort out common confusions and explains the ethical presuppositions behind many "economic" arguments.
4. It has an entire chapter on incentives and incentive design (e.g. piece rates, tournaments, pay for performance). Oddly, many micro books do not discuss this crucial topic.
5. International examples--from Algeria to Zimbabwe--are written into the core of the book and not just ghettoized in a single "international chapter."
6. It is obsessed with the idea of teaching students to think like economists.
7. It is grounded in the belief that reading an economics text should be fun, not a chore.
8. It has balanced coverage of neo-Keynesian and real business cycle approaches.
9. It covers Solow "catch-up" growth, and Paul Romer's increasing returns, much more thoroughly than do the other texts. The macro book (section) starts off with the idea of why growth matters and is central to macroeconomics.
10. The financial crisis was written into the core of the book, rather than being absent or treated as an add-on.Read more ›
The book showed up quickly and was in great shape. I'd buy from this dude again. I need more books with hands on them.
Most Recent Customer Reviews
I purchased this for an economics class. I hated the class but found some of the information interesting.Published 5 months ago by michelle
This book does a great job of explaining introductory-level economic concepts. The real-life examples are very helpful in gaining a full grasp on the key concepts of each chapter.Published 14 months ago by mitec