Economics

by Paul Krugman, Robin Elizabeth Wells

When it comes to explaining current economic conditions, there is no economist readers trust more than New York Times columnist and Nobel laureate Paul Krugman.  Term after term, Krugman is earning that same level of trust in the classroom, with more and more instructors introducing students to the fundamental principles of economics via Krugman’s signature storytelling style. The new Third Edition of Paul Krugman and Robin Wells’s Economics is their most accomplished yet—extensively updated to offer new examples and stories, new case studies from the business world, and expert coverage of the ongoing financial crisis.  

Genres: Economics, Business, Nonfiction, Politics, Textbooks, Finance, Science

1200 pages, Hardcover

Published May 29, 2012

About the author

Paul Robin Krugman is an American economist, liberal columnist and author. He is Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs, Princeton University, Centenary Professor at the London School of Economics, and an op-ed columnist for The New York Times. In 2008, Krugman won the Nobel Memorial Prize in Economics for his contributions to New Trade Theory and New Economic Geography.

Reviews

[Paul, · Rating 4 out of 5]

I haven't yet read this whole book, but I much prefer this textbook to Mankiw pr Perloff because Krugman owns up to the shortcomings of economics as a discipline up front and then consistently thereafter. He mentions non-marketable goods and where the market fails in the first chapter. He mentions the difference between needs and wants, and how that creates problems. Mankiw and Perloff minimize or ignore such discussions and lay out economics as if it is an objective philosophy for all life.

[lana · Rating 4 out of 5]

never thought i'd make it past economics but this book rlly helped honestly so yay!

[Miguel]

Reading this against my will.

[Pedro Almeida Jorge · Rating 3 out of 5]

a masterwork on wrong approaches: the neoclassical textbook

[Ben · Rating 4 out of 5]

If you take AP economics this is the book for you!

[Eric · Rating 5 out of 5]

I’ve enjoyed reading and learning from Paul Krugman’s educational, clear and honest editorials in the New York Times for decades. Wanting still more, I spent the last ten months reading this excellent fourth edition of his textbook, coauthored with Robin Wells and published in 2015. It’s filled with very relevant, real world, illustrative examples from current events, especially the 2008 Great Depression. My copy’s title page was stamped by a high school in Minneapolis, and I think that’s the right level. Beginning Algebra is all the math you will need to understand the analysis of supply and demand, macroeconomics and exchange rates. Despite the modest difficulty level, there is much to learn from the book’s thirty-four chapters. The four chapters on taxes, Externalities, Public Goods, Common Resources and the welfare state are exceptionally clear and, despite Krugman’s reputation as a progressive, very fairly argued. I found the sixteen chapters of the second half of the book, on Macroeconomics, more interesting, probably because I am quite familiar with the microeconomic topics of the first half, having been in the engineering labor force for forty years. Highly recommended.

[Jenny · Rating 5 out of 5]

This was the assigned reading for my first year at uni studying micro- and macroeconomics and now that I've finished my first year I can say that the book was worth the hefty amount of money I had to pay for it. It is well-written and well-structured with plenty of diagrams and pictures illustrating the concepts they try to explain. Every chapter starts with a story that shows how the topic of the chapter can be applied to the real world. The authors will often refer to these stories throughout the chapter, which I found great. Another bonus, apart from the amazingly structured chapters, is the end section of each chapter with a challenging problem set. Unfortunately, the solutions to the questions re not readily available, but they are available to the lecturers so... Anyways, well worth the investment. The e-source is really good too and can be used as a substitute for the physical book as it contains everything in the book and a little more (mainly a revision tool).

[Alexandra Špiriaková · Rating 4 out of 5]

The micro and macro economic concepts were well-explained. Additionally, the textbook was full of relevant examples from the market which helped me gain a better insight of the topic.

[Anjar Priandoyo · Rating 4 out of 5]

I always try to finish the textbook, but gosh, I need more energy to re-read this.

[Nick Such · Rating 3 out of 5]

Insightful look at global competitiveness and the forces of economic change. Reading this a few years after the original publishing, several of the trends have continued, and we have experienced a global economic crash. Mr. Friedman does not hesitate to express his opinions which makes for good debatable content. This is one of those books that you have to be able to reference when talking about today's economic climate, and starting a business in this new, flat world.

[DoctorM · Rating 4 out of 5]

The clear successor to Paul Samuelson's classic text as the best Econ 101 intro volume out there. Worth getting the one-volume "International" edition.

[Jim · Rating 4 out of 5]

Read...learn.....grow....