THE ECONOMIC WAY OF THINKING EIGHTH EDITION

The author of this book wants beginning students to master a set of concepts that will help them think more coherently and consistently about the wide range of social problems that economic theory illuminates. The principles of economics must be taught as tools of analysis. The teaching of a concept must take place in the context of application. Better, the potential application should be taught first, then the tool. - Preface. This text provides an in-depth discussion of a limited, but important set of economic principles and concepts. These tools of analysis are then applied to a wide variety of familiar situations.