Economics

Front Cover

The same unique voice that made Paul Krugman a widely read economist is evident on every page of Economics. The product of the partnership of coauthors Krugman and Robin Wells, the book returns in a new edition.

The new edition is informed and informative, solidly grounded in economic fundamentals yet focused on the realities of today's world and the lives of students. It maintains the signature Krugman/Wells story-driven approach while incorporating organizational changes, new content and features, and new media and supplements.

Watch a video interview of Paul Krugman here.

 

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Contents

Preface
xxv
What Is Economics?
1
Supply and Demand
61
Individuals and Markets
167
Economics and Decision Making
225
The Consumer
249
The Production Decision
303
Market Structure Beyond Perfect Competition
355
Introduction to Macroeconomics
569
LongRun Economic Growth
641
ShortRun Economic Fluctuations
703
Stabilization Policy
767
Events and Ideas
885
The Open Economy
909
Solutions to Check Your Understanding Questions
1
Glossary
43

Microeconomics and Public Policy
433
Factor Markets and Risk
509

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About the author (2009)

Paul Krugman was born on February 28, 1953. He received a B.S. in economics from Yale University in 1974 and a Ph.D from MIT in 1977. From 1982 to 1983, he worked at the Reagan White House as a member of the Council of Economic Advisers. He taught at numerous universities including Yale University, MIT, UC Berkeley, the London School of Economics, and Stanford University before becoming a professor of economics and international affairs at Princeton University in 2000. He has written over 200 scholarly papers and 20 books including Peddling Prosperity; International Economics: Theory and Policy; The Great Unraveling; and The Conscience of a Liberal. Since 2000, he has written a twice-weekly column for The New York Times. He received the 1991 John Bates Clark Medal and the 2008 Nobel Memorial Prize in Economic Sciences. His title End This Depression Now! made The New York Times Best Seller List for 2012.

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