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Principles of Economics

Name: Principles of Economics
Author: N. Gregory Mankiw
ISBN: 9780538453059

by N. Gregory Mankiw

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Overview

That is how Alfred Marshall, the great 19th century economist, defined economics in his classic textbook, Principles of Economics. The text you have in your hand continues that tradition, from the cover image to the last page. The cover of this and previous editions shows a market scene. It reminds us that economics is about people as they go about their lives. Economics is about buying, selling, setting prices, competing for customers, looking for jobs, and earning a living. It is about why markets so often succeed as a way to run a society and why they sometimes fail. When the Mankiw text was first published, The Economist wrote, "Mr. Mankiw's book sets a new standard for clarity and liveliness." USA Today called it "a grand success." Since then, the book has indeed become the new standard for introducing economics to students like you around the world. It has been translated into twenty languages, and more than a million copies have been sold. Thomson South-Western is pleased to bring you this Fourth Edition.

Synopsis

Designed for a two-semester introductory course in economics, this textbook covers micro- and macroeconomics. After dealing with the basic tools of supply and demand, he looks at government intervention in market allocations, firm and industrial organization behavior, labor markets, the behavior of the real economy over the long run, and the macroeconomics of open economies, and short run fluctuations within long run trends. Similarly to many textbooks on economics and many other subjects, there is little acknowledgment of controversy within the field. Annotation (c)2003 Book News, Inc., Portland, OR

About the Author, N. Gregory Mankiw

N. Gregory Mankiw is Professor of Economics at Harvard University. He has taught macroeconomics, microeconomics, statistics, and principles of economics. Professor Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. His published articles have appeared in academic journals such as the AMERICAN ECONOMIC REVIEW, JOURNAL OF POLITICAL ECONOMY, and QUARTERLY JOURNAL OF ECONOMICS and in more widely accessible forums including THE NEW YORK TIMES, THE WASHINGTON POST, THE WALL STREET JOURNAL, and FORTUNE. In addition to his teaching, research, and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office, and a member of the ETS test development committee for the advanced placement exam in economics. From 2003 to 2005, he served as Chairman of the President's Council of Economic Advisers. In addition, he maintains a very popular blog for students of economics at www.gregmankiw.blogspot.com.