The New World of Economics, 6th edition, by Richard McKenzie and
Gordon Tullock, represents a revival of a classic text that, when
it was first published, changed substantially the way economics
would be taught at the introductory and advanced levels of
economics for all time. In a very real sense, many contemporary
general-audience economics books that seek to apply the "economic
way of thinking" to an unbounded array of social issues have grown
out of the disciplinary tradition established by earlier editions
of The New World of Economics.
This new edition of The New World will expose new generations of
economics students to how McKenzie and Tullock have applied in a
lucid manner a relatively small number of economic concepts and
principles to a cluster of topics that have been in the book from
its first release and to a larger number of topics that are new to
this edition, with the focus of the new topics on showing students
how economic thinking can be applied to business decision making.
This edition continues the book's tradition of taking contrarian
stances on important economic issues. Economics professors have
long reported that The New World is a rare book in that students
will read it without being required to do so.
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