The New World of Economics

A Remake of a Classic for New Generations of Economics Students

Authors: McKenzie, Richard B., Tullock, Gordon

  • When published in its first edition in the 1970s, The New World of Economics was adopted practically everywhere
  • Professors have adopted TNW because they did not have to force students to read it -they want to read it
  • The book addresses economic issues in a style more appropriate for the college market, at a slightly higher level of sophistication, and with graphs (which professors will like)
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Buy this book

eBook $59.99
price for USA (gross)
  • ISBN 978-3-642-27364-3
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $79.95
price for USA
  • ISBN 978-3-642-27363-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this Textbook

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.

About the authors

Richard McKenzie is the Walter B. Gerken Professor of Economics and Management at the Merage School of Business, University of California, Irvine. He has written over thirty academic and general-audience books. He is also co-author with Dwight Lee of a widely used textbook, Microeconomics for MBAs: The Economic Way of Thinking for Managers. His book with Gordon Tullock, The New World of Economics, has been used over the years in most of the country’s leading colleges and universities and has been translated into several languages. Professor McKenzie’s most recent general-audience book is HEAVY! - The Surprising Reasons America Is the Land of the Free — And the Home of the Fat.

Gordon Tullock is a University Professor (Emeritus) of Law and Economics and Distinguished Research Fellow at the James M. Buchanan Center for Political Economy, George Mason University. He is one of the founders of public choice economics and has done pioneering work in the political economy of rent seeking, as well as any number of economic subdisciplines that emerged during his long academic career.  His book The Calculus of Consent, which he coauthored with James Buchanan, is a widely acknowledged classic in economics, first published a half-century ago.

Table of contents (26 chapters)

  • Economic Thinking

    McKenzie, Richard B. (et al.)

    Pages 3-23

  • Anything Worth Doing Is Not Necessarily Worth Doing Well

    McKenzie, Richard B. (et al.)

    Pages 25-42

  • Maslow’s Hierarchy of Needs and Economist’s Demand

    McKenzie, Richard B. (et al.)

    Pages 43-49

  • Price and the “Law of Unintended Consequences”

    McKenzie, Richard B. (et al.)

    Pages 53-68

  • Pricing Lemons, Views, and University Housing

    McKenzie, Richard B. (et al.)

    Pages 69-90

Buy this book

eBook $59.99
price for USA (gross)
  • ISBN 978-3-642-27364-3
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $79.95
price for USA
  • ISBN 978-3-642-27363-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The New World of Economics
Book Subtitle
A Remake of a Classic for New Generations of Economics Students
Authors
Copyright
2012
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-27364-3
DOI
10.1007/978-3-642-27364-3
Softcover ISBN
978-3-642-27363-6
Edition Number
6
Number of Pages
XVIII, 559
Number of Illustrations and Tables
28 b/w illustrations
Additional Information
Original 5th edition published by Mcgraw-Hill College, 1994
Topics