Economics

When it comes drawing on enduring economic principles to explain current economic realities, there is no one readers trust more than Paul Krugman. With his bestselling introductory textbook (now in a new edition) the Nobel laureate and New York Times columnist is proving to be equally effective in the classroom, with more and more instructors in all types of schools using Krugman's signature storytelling style to help them introduce the fundamental principles of economics to all kinds of students.<br><br>New to this edition<br>Exhaustively updated examples, particularly in the areas of technology (iPhones, shopping apps, innovations in men's razors, industrial robots) as well as public policy issues (fracking; the Affordable Care Act; post-recession dilemmas in Greece, Ireland, and the U.S.)<br><br>Updated chapters on Externalities and on Factor Markets to reflect current data and post recession realities. The Externalities chapter also features refined coverage of marginal social cost/benefit and cap and trade.<br><br>Updated chapter on the Welfare State to include new data, current findings on poverty and inequality, and coverage of the Affordable Care Act.<br><br>Re-envisioned macroeconomics coverage now has the Great Recession as a more central, overarching point of focus, with more examples from the euro crisis, modern Greece and Ireland, and other topics.<br><br>Updated fiscal policy coverage now uses the austerity debate instead of President Obama's stimulus plan as a motivator.