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)
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 books 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.
Part I - The New World of Economic Thinking:
Economic Thinking.- Anything Worth Doing Is
Not Necessarily Worth Doing Well.- Maslows
Hierarchy of Needs'And Economists Demand.-
Part II -The New World of Market Economics:
Price and the 'Law of Unintended Consequences'.-
Pricing Lemons, Views, and University
Housing.- Markets and More Markets.- Part III
- The New World of Personal Economics: Marriage,
Family, and Divorce.- Sexual Behavior.-
Exploitation of Affection.- Dying: The Most
Economical Way to Go!.- Cheating and Lying.- Fat
Economics.- Part IV - The New World of Pricing
Strategies: Why Sales.- Why Popcorn Costs So
Much at the Movies.- Why So Many Coupons.-
Why Some Goods Are Free.- The Question of
Queues.- Part V - The New World of College and
University Education: The University Economy.-
The Economics of Learning.- Does the NCAA
Exploit College Athletes?.- Why Professors Have
Tenure and Business People Dont.- Part VI - The
New World of Contrarian Economics: Public
Choice Economics.- In Defense of Monopoly:
Behavioral Economics.- Behavioral Economics.-
Problems with Behavioral Economics.- Why Men
Earn More on Average than Women'And Always
Will.
