### Review
The Economist August 23rd 1997 “Mr Mankiw has produced something long overdue: an accessible introduction to modern economics. By writing more in the style of a magazine than a stodgy textbook and explaining even complex ideas in an intuitive, concise way, he'll leave few students bored or bewildered. A second innovation is the book's structure and emphasis, which reflects today's economic realities and economists' understanding. Most refreshing, though, is the book's even-handedness. Mr Mankiw seems to revel in setting out how different schools of thought have contributed to economists' current state of knowledge. If, as it deserves, it becomes popular with the millions of students who take introductory economics, tomorrow's graduates might not only understand economics. They might even enjoy it.” The Wall Street Journal September 22nd 1997 “Professor Mankiw wins good reviews for clarity and readability.” USA Today December 1st 1997 “…I must report that Mankiw's Principles of Economics is a grand success…Mankiw succeeds because he does not evade the difficult concepts required for a solid understanding of economics.” Fortune November 24th 1997 “The most talked-about economics text of our time…will likely teach the next several generations of undergraduates the laws of supply and demand.”
### Product Description
In writing this textbook, Mankiw has tried to put himself in the position of someone seeing economics for the first time. The authorÆs conversational writing style is superb for presenting the politics and science of economic theories to tomorrowÆs decision-makers. Because Mankiw wrote it for the students, the book stands out among all other principle texts by intriguing students to apply an economic way of thinking in their daily lives. Receiving such a praise as “perhaps the best ever” textbook in economic principles, itÆs no wonder MankiwÆs prize project has quickly become one of the most successful books ever to be published in the college marketplace.
RESUME:
In writing this textbook, Mankiw tried to put himself in the position of someone coming to economics for the first time. His plan worked. Receiving such applause as “the most talked about economics text of our time” and “a long overdue accessible introduction to modern economics” it is no wonder that Mankiw's prize project has quickly become one of the most successful books ever to publish in the college marketplace. The author's conversational writing style is superb for presenting the
The opportunity cost of an item is what you give up to get that item.
