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Economics 1st Edition
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Top Customer Reviews
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.
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;
The separate book "Macroeconomics" is parts 1) & 3), and the separate book "Microeconomics" is parts 1) & 2).
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.Read more ›
Most Recent Customer Reviews
Good economics book. Very well written. It gives really good understanding into topics. The author really dumbed it down for us technical students. :)Published on January 21, 2014 by Marlon Cox
Krugman is easily the most ignorant man calling himself an "economist" in the world today.
Keynesianism has failed over and over again and yet PK insists on browbeating... Read more