Printed Book
Principles of Economics Second Edition
In recent years, innovative texts in mathematics, science, foreign languages, and other fields have achieved dramatic pedagogical gains by abandoning the traditional encyclopedic approach in favor of attempting to teach a short list of core principles in depth. The enthusiastic reactions of users of the first edition of this book confirm that this less-is-more approach affords similar gains in introductory economics. Although recent editions of a few other texts have paid lip service to this new approach, ours is by consensus the most carefully thought out and well-executed text in this mold. Avoiding excessive reliance on formal mathematical derivations, it presents concepts intuitively through examples drawn from familiar contexts. It relies throughout on a well-articulated short list of core principles, which it reinforces repeatedly by illustrating and applying each in numerous contexts. It asks students periodically to apply these principles to answer related questions, exercises, and problems.
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