New Releases by Paul Krugman

Essentials of Economics brings the same captivating writing and innovative features of Krugman/Wells to the one-term combined micro/macro course. Adapted by Martha Olney (coauthor of the Krugman/Wells study guide and overall coordinator of its media/supplements package), it is the ideal text for teaching basic economic principles in a real-world context to students who are not planning to continue up the economics curriculum.

Professor Tony Myatt of The University of New Brunswick, Fredericton, has "Canadianized" the Macroeconomics split of Krugman/Wells, maintaining the structure and spirit of the U.S. edition but adapting it in a way that appeals to the Canadian market. In almost every instance, U.S. data sets and experience have been supplanted by Canadian data sets and experiences. Because of the heavy reliance on macroeconomic data, Macroeconomics: Canadian Edition is much more extensively changed than the Canadian edition of Microeconomics.

Helps students use the text to succeed in the telecourse.

This supplementary chapter to Krugman/Wells, Microeconomics discusses the typical role of agriculture in an economy.

"Paul Krugman is a hero of mine. Read his book."—Al Franken No one has more authority to call the shots the way they really are than award-winning economist Paul Krugman, whose provocative New York Times columns are keenly followed by millions. One of the world''s most respected economists, Krugman has been named America''s most important columnist by the Washington Monthly and columnist of the year by Editor and Publisher magazine. A major bestseller, this influential and wide-ranging book has been praised by BusinessWeek as Krugman''s "most provocative and compelling effort yet," the New York Review of Books as "refreshing," and Library Journal as "thought-provoking...even funny." The American Prospect put it in vivid terms: "In a time when too few tell it like it is...[Krugman] has taken on the battle of our time." Built from Paul Krugman''s influential Op-Ed columns for the New York Times, this book galvanized the reading public. With wit, passion, and a unique ability to explain complex issues in plain English, Krugman describes how the nation has been misled by a dishonest administration. In this long-awaited work containing Krugman''s most influential columns along with new commentary, he chronicles how the boom economy unraveled: how exuberance gave way to pessimism, how the age of corporate heroes gave way to corporate scandals, how fiscal responsibility collapsed. From his account of the secret history of the California energy crisis to his devastating dissections of dishonesty in the Bush administration, from the war in Iraq to the looting of California to the false pretenses used to sell an economic policy that benefits only a small elite, Krugman tells the uncomfortable truth like no one else. And he gives us the road map we will need to follow if we are to get the country back on track. The paperback edition features a new introduction as well as new writings.

Wielding his widely recognized powers of explanation, Paul Krugman lays bare the hidden facts behind the $2 trillion tax cut. With huge budget surpluses just ahead, the question of whether to cut taxes has shifted to when? and by how much? With Fuzzy Math, Paul Krugman dissects the Bush tax proposal and shows us who wins, who loses, and how quickly the tax cuts will consume the surplus. Always the equal-opportunity critic when it comes to faulty economics, Krugman also tucks into the Democratic alternatives to the Bush plan. This little book packs a big wallop. Together with major media appearances, it puts Krugman''s wisdom and steely-eyed analysis firmly at the center of the debate about how to spend upwards of $2 trillion. It may very well change the course of history.

In this cohesive set of sharp and witty essays, Krugman tackles bad economic ideas from across the political spectrum.

"Pop internationalists"—people who speak impressively about international trade while ignoring basic economics and misusing economic figures are the target of this collection of Paul Krugman''s most recent essays. In the clear, readable, entertaining style that brought acclaim for his best-selling Age of Diminished Expectations, Krugman explains what real economic analysis is. He discusses economic terms and measurements, like "value-added" and GDP, in simple language so that readers can understand how pop internationalists distort, and sometimes contradict, the most basic truths about world trade. All but two of the essays have previously appeared in such publications as Foreign Affairs, Scientific American, and the Harvard Business Review. The first five essays take on exaggerations of foreign competition''s effects on the U.S. economy and represent Krugman''s central criticisms of public debate over world trade. The next three essays expose further distortions of economic theory and include the complete, unaltered, controversial review of Laura Tyson''s Who''s Bashing Whom. The third group of essays highlights misconceptions about competition from less industrialized countries. The concluding essays focus on interesting and legitimate economic questions, such as the effects of technological change on society.

This edition looks at how risky behaviour can lead to disaster in private markets, with colourful examples from Lloyd''s of London and Sumitomo Metals. Krugman also considers the collapse of the Mexican peso, and the burst of Japan''s ''bubble'' economy.

¿Por qué en economía ciertas ideas se consolidan mientras que otras son descartadas? Paul Krugman sostiene que la reticencia de los economistas a pensar sobre los temas difíciles de formalizar les ha llevado a ignorar ideas que han resultado ser, retrospectivamente, muy buenas. Krugman examina la evolución de la geografía económica y de la teoría del desarrollo económico con la intención de entender la naturaleza de la investigación económica. El autor describe cómo la teoría del desarrollo perdió su enorme influencia y prácticamente desapareció del discurso económico al quedar patente que algunas de sus principales constataciones no podían modelarse con claridad. Parece que la geografía económica tuvo un sino aún peor, al evitar los economistas todos los temas relacionados con el espacio porque no se adaptaban a los instrumentos disponibles. El libro de Krugman no es, sin embargo, una llamada al abandono de los modelos económicos. Por el contrario, explica por qué vale la pena insistir en la construcción de modelos económicos aunque esto fuerce ocasionalmente a los economistas a desechar buenas ideas. En paralelo con este análisis, Krugman ofrece una visión panorámica de los avances más recientes en geografía económica y teoría del desarrollo económico.

The Self-Organizing Economy In the last few years the concept of self-organizing systems—complex systems in which randomness and chaos seem spontaneously to evolve into unexpected order—has linked together researchers in many fields, from artificial intelligence to chemistry, from evolution to geology. Now leading economist Paul Krugman shows how principles that explain the growth of hurricanes and embryos can also explain the formation of cities and business cycles; how the same principles of “order from random growth” can explain the strangely simple rules that describe the sizes of earthquakes, meteorites, and metropolitan areas. Weaving together strands from many disciplines, from location theory to biology, The Self-Organizing Economy offers a surprising new view of how the economy structures itself in space and time.

This new collection revolves around Krugman''s work on international monetary economics from the late 1970s to the present in an effort to make sense of a turbulent period that "involved one surprise after another, most of them unpleasant." Paul Krugman''s first collection of essays, Rethinking International Trade, mounted a spirited assault on established trade theory and proposed an alternative approach to account for increasing returns and imperfect competition. Less theoretical and more embedded in real-world experience, this new collection revolves around Krugman''s work on international monetary economics from the late 1970s to the present in an effort to make sense of a turbulent period that "involved one surprise after another, most of them unpleasant." The eleven essays cover such key areas as the role of exchange rates in balance-of-payments adjustment policy, the role of speculation in the functioning of exchange rate regimes, Third World debt, and the construction of an international monetary system. They are unified by the same basic methodology and style the construction of a small theoretical model in order to simplify or clarify a puzzling or difficult world monetary problem.

Over the past decade, a small group of economists has challenged traditional wisdom about international trade. Rethinking International Trade provides a coherent account of this research program and traces the key steps in an exciting new trade theory that offers, among other possibilities, new arguments against free trade. Over the past decade a small group of economists has challenged traditional wisdom about international trade. Rethinking International Trade provides a coherent account of this research program and traces the key steps in an exciting new trade theory that offers, among other possibilities, new arguments against free trade. Krugman''s introduction is a valuable guide to research that has delved anew into the causes of international trade and reopened basic questions about the international pattern of specialization, the effects of protectionism, and what constitutes an optimal trade policy. In the four sections that follow, he takes a revisionary look at the causes of international trade, and discusses growth and the role of history, technological change and trade, and strategic trade policy.

"I have spent my whole professional life as an international economist thinking and writing about economic geography, without being aware of it," begins Paul Krugman in the readable and anecdotal style that has become a hallmark of his writings. Krugman observes that his own shortcomings in ignoring economic geography have been shared by many professional economists, primarily because of the lack of explanatory models. In Geography and Trade he provides a stimulating synthesis of ideas in the literature and describes new models for implementing a study of economic geography that could change the nature of the field. Economic theory usually assumes away distance. Krugman argues that it is time to put it back - that the location of production in space is a key issue both within and between nations.

This sequel to Market Structure and Foreign Trade examines the new international trade''s applied side. It provides a compact guide to models of the effects of trade policy in imperfectly competitive markets, as well as an up-to-date survey of existing knowledge, which is extended by the authors'' useful interpretations of the results.

In an intriguing synthesis of current theories of international finance, trade, and industrial organization, Paul Krugman presents a provocative analysis of the extraordinary volatility of exchange rates in the 1980s.Krugman focuses on imperfect integration of the world economy, showing how this has become both a cause and effect of exchange rate instability. He outlines the costs and benefits of recent flexible-exchange rate policies and offers fresh insight into why the models that worked in the first half of the 1980s don''t work in the growing uncertainty of the latter half. Krugman''s analysis is succinct and accessible, with technical appendixes that offer powerful backing to his ideas.Exchange Rate Instability contains a surprising reevaluation of the author''s own work on exchange rates. Krugman questions the need for further devaluation of the dollar, arguing that uncertainty - rather than the lack of costu00adcompetitiveness explains the failure of current policies to reduce the United States trade deficit. He proposes an eventual return to fixed exchange rates.Paul R. Krugman is Professor of Economics at MIT Exchange Rate Instability inaugurates the Lionel Robbins Lectures series.