''Principles of Economics'' is an introductory

economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

textbook by Harvard economics professor

N. Gregory Mankiw Nicholas Gregory Mankiw ( ; born February 3, 1958) is an American macroeconomist who is currently the Robert M. Beren Professor of Economics at Harvard University. Mankiw is best known in academia for his work on New Keynesian economics. Mank ...

. It was first published in 1997 and has ten editions as of 2024. The book was discussed before its publication for the large advance Mankiw received for it from its publisher Harcourt and has sold over a million copies over its lifetime, generating Mankiw at least $42 million. After criticism about the price from students Mankiw decided to donate the textbook royalties from his students to charity. ''Principles of Economics'' is the standard textbook for American economics departments' introductory classes. The current publisher

Cengage Cengage Group is an American educational content, technology, and services company for higher education, K–12, professional, and library markets. It operates in more than 20 countries around the world.(June 27, 2014Global Publishing Leaders 2 ...

claims it is the "most popular economics textbook".

10 Principles

The book introduces 10 principles of economics "that supposedly represent the heart of economic wisdom". They are listed by Mankiw as follows: Peter Bofinger has criticized the book for creating the "impression that the economic principles explained correspond to a kind of economic consensus", which it denies.

References

{{reflist

External links

* 10 Principles of Economics on

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Economics textbooks 1997 non-fiction books