PAUL KRUGMAN is Professor of Economics at Princeton University, USA, where he regularly teaches the Principles of Economics course. Prior to his current position he taught at Yale, Stanford and MIT. He also spent a year on the staff of the Council of Economic Advisors in 1982-83. His research is mainly in the area of international trade, where he is one of the founders of the 'new trade theory' with its focus on increasing returns and imperfect competition. He also works in international finance, with a concentration on currency crises. In 1991, he received the American Economic Association --This text refers to the Paperback edition.

When looking to bridge the gap between global economic events and their own daily lives, Americans have increasingly turned to Paul Krugman. His lucid grasp of economics in action and his uncanny way of translating complex issues into everyday terms have made him a bestselling author and the most widely read economist writing for the general public today. That ability to communicate economic concepts clearly and engagingly is at the heart of "Macroeconomics," coauthored by Krugman and Robin Wells. The new Second Edition of this bestselling introductory level text (available January 2009) offers more of Krugman's signature voice, more coverage of policy, and an extraordinary amount of new examples and explanations, as well as a number of content and organizational changes that are meeting the approval of instructors nationwide.