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.
Paul Robin Krugman is an American economist, liberal columnist and author. He is Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs, Princeton University, Centenary Professor at the London School of Economics, and an op-ed columnist for The New York Times. In 2008, Krugman won the Nobel Memorial Prize in Economics for his contributions to New Trade Theory and New Economic Geography.
Living in New York, Prof. Paul Krugman presents his American understanding of economics science theories and practices. However, the economics sciences changes rapidly, hence Prof. Paul Krugman may certainly benefit from learning on the new European developments in the economics science, which are well described in the Business Cycles in Economics book by Viktor O. Ledenyov and Dimitri O. Ledenyov!!!
An oddly conservative take on economics that leaves unquestioned many controversial ideas. For instance, Pareto efficiency is stated as science when it's very much a profoundly conservative value judgment that only an economist or someone very rich would think is reasonable. As such, it takes the life out of economics, reducing it to calculations of the math behind simplified market models.