Tyler Cowen
©2013
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Second Edition
ISBN-13:
9781464160301
In a world full of economics blogs, Cowen and Tabarrok’s Marginal Revolutio .....[+]
In a world full of economics blogs, Cowen and Tabarrok’s Marginal Revolution (http://marginalrevolution.com/) is one of the Web’s most popular and respected. The same qualities that make the blog so distinctive are also behind the success of Modern Principles of Economics—engaging authors, unbiased presentations of essential ideas, and a knack for revealing the “invisible hand” of economics at work. The thoroughly updated new edition of Modern Principles again draws on a wealth of captivating applications to show readers how economics shed light on business, politics, world affairs, and everyday life.
Changes to the second edition include:
• New chapter on Consumer Choice, which uses indifference curves
• New separate chapter on Taxes and Subsidies, with a new introduction and new coverage of wage subsidies
• Coverage of Costs (Ch. 11) and Competition (Ch. 12) split into separate chapters
• New separate chapter on The Economics of Network Goods (Ch. 16), including coverage of contestable markets
• Increased coverage of oligopolies and new coverage of monopolistic competition (Ch. 15, Cartels, Oligopolies, and Monopolistic Competition)
• New coverage of bubbles (Ch. 22, Stock Markets and Personal Finance)
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