The Economic Way of Thinking, 10th edition by Paul Heyne, Peter J. Boettke, David L. Prychitko List price = $93.00 (USA print price) Our Price = $32.99 You Save = $60.01 (64.50%) Product Details: Media: Paperback. Publisher: Published in India by Pearson Education; 10th edition. ISBN: 8178089874 Availability: Usually ships within 1business day. About the Book The Economic Way of Thinking develops the basic principles of micro- and macroeconomic analysis, and rigorously employs them as tools rather than ends unto themselves. This text introduces students to a method of reasoning; to think like an economist. It teaches students through example and application. It even teaches by showing students how not to think, by exposing them to the errors implicit in much popular reasoning about economic events. Features NEW??????????????????A greater emphasis on economics as the study of choice. NEW??????????????????The basic supply and demand model is developed and applied with many updated examples in Chs. 5 and 6. NEW??????????????????Clarified the continuing theme in all previous editions. NEW??????????????????Analysis of the relationship between cost and price has been rewritten. NEW??????????????????Emphasis on the dynamic element of competition and the importance of the competitive market process. NEW??????????????????Chapter 8, "Profit and Loss" has been completely reorganized and a lengthy discussion of the difference between accounting profit and economic profit has been added. NEW??????????????????A new appendix has been added. NEW??????????????????In the macro chapters, the data has been updated for income distribution, unemployment, inflation, economic fluctuations, and international economic growth. NEW??????????????????A discussion of the "boom-bust" theory of the business cycle has been added NEW??????????????????Many end-of-chapter questions have been streamlined. Contents The Economic Way of Thinking. Efficiency, Exchange, and Comparative Advantage. Substitutes Everywhere: The Concept of Demand. Opportunity Cost and the Supply of Goods. Supply and Demand: A Process of Cooperation. Supply and Demand: Issues and Applications. Information, Middlemen, and Speculators. Profit and Loss. Competition and Monopoly. Price Searching. Competition and Government Policy. The Distribution of Income. Externalities and Conflicting Rights. Markets and Government. The Overall Performance of Economic Systems. The Supply of Money. Monetary and Fiscal Policies. National Policies and International Exchange. Employment and Unemployment. Promoting Economic Growth. Economic Performance and Political Economy. The Limitations of Economics.