With its signature storytelling style and coverage of current issues and events, Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells's best-seller is the most effective textbook available for explaining how economic concepts play out in our world. This new edition offers incisive new insight into market power and externalities in microeconomics, updated analysis of long-run growth, and extensive coverage of the economic impacts and policy responses to the coronavirus pandemic in macroeconomics.