Frontmatter Introduction
THIRD EDITION
Paul Krugman • Robin Wells
Princeton University
A Macmillan Higher Education Company
Vice President, Editorial and Production: Catherine Woods
Publisher: Charles Linsmeier
Executive Development Editor: Sharon Balbos
Associate Development Editor: Mary Walsh
Editorial Assistant: Fay Kelly
Marketing Manager: Thomas Digiano
Marketing Assistant: Tess Sanders
Senior Media Editor: Marie McHale
Director of Market Research and Development: Steven Rigolosi
Director of Digital and Print Production: Tracey Kuehn
Associate Managing Editor: Lisa Kinne
Project Editor: Liz Geller
Art Director: Babs Reingold
Cover Designers: Lyndall Culbertson and Babs Reingold
Interior Layout: Paul Lacy
Interior Design: Charles Yuen
Photo Editor: Cecilia Varas
Photo Researcher: Elyse Rieder
Production Manager: Barbara Anne Seixas
Supplements Production Manager: Stacey Alexander
Supplements Project Editor: Edgar Bonilla
Composition and Illustration: TSI Graphics
Printing and Binding: RR Donnelley
ISBN-13: 978-1-4641-3904-8
ISBN-10: 1-4641-3904-0
Library of Congress Control Number: 2013953528
©2014, 2012, 2006 by Worth Publishers
All rights reserved.
Printed in the United States of America
First printing
Worth Publishers
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New York, NY 10010
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Photo Credits
Front cover Glass rectangles: xlaoke ma/E+/Getty Images. Abstract grid pattern: Ralf Hiemisch/Getty Images. Group of friends carrying shopping bags on city street: Monkey Business Images/Shutterstock. Loading dock: Glow Images/Superstock. Silhouettes of passengers in airport: Exactostock/Superstock. Cotton field: © Fábio Salles/Dreamstime.com. Girl writing on graph: iStockphoto/Thinkstock. Airplane being assembled: © Edward Rozzo/Corbis. Fish: iStockphoto. Veterinarian doctor: iStockphoto/Thinkstock. p. viii Young woman and young man in TV store: iStockphoto. Cotton boll: iStockphoto/Thinkstock. p. ix Vaccination: iStockphoto/Thinkstock. Used books: Thinkstock. p. x Yellow cab: iStockphoto. Container ship: © Juice Images/Alamy. p. xi Portrait of young woman: Ashley Hildreth. Wheat field: Vaclav Volrab/Shutterstock. p. xii Strawberry pickers: Thinkstock. Model with enormous diamond ring: Icogenic/Getty Images. p. xiii Office corridor: Pressmaster/Shutterstock. No fishing sign: iStockphoto/Thinkstock. p. xiv Students on graduation day: Exactostock/Superstock. p. xv Female café owner: © Tetra Images/Alamy. p. xxxii Portrait: Rubberball/Superstock. Young woman and young man in TV store: iStockphoto. Young woman writing on glass graph: iStockphoto/Thinkstock. Boeing plane: UPI/Alan Marts/Boeing/Landov. Chinese package: Kees Metselaar/Alamy. p. 1 Wright Brothers: Landov Photos. p. 34 Portrait: iStockphoto. Jeans-clad legs: Thinkstock. Cotton field: Casadphoto/Dreamstime.com. Crowd carrying things through floodwater: AP Photo/Khalid Tanveer. p. 35 Cotton boll: iStockphoto/Thinkstock. p. 70 Red-capped bottles: iStockphoto/Thinkstock. Open house: © Monkey Business Images/Dreamstime.com. Hot dogs: Msheldrake/Dreamstime.com. p. 71 Vaccination: iStockphoto/Thinkstock. p. 100 Portrait: Malyugin/Shutterstock. Two people in textbook store: Peter Huoppi. Outdoor produce market: iStockphoto/Thinkstock. p. 101 Used books: Thinkstock. p. 126 Portrait: © Simon Stanmore/Blend Images/Corbis. Fire escapes: Thinkstock/Photodisc. Man hailing cab: Alamy Images. Uncle Sam image courtesy of Library of Congress. p. 127 Yellowcab: iStockphoto. p. 164 Portrait: © Sherrie Nickol/Citizen Stock/Corbis. Ford Mustang: Scott Olsen/Getty Images. Repairman: Susana Gonzalez/Bloomberg via Getty Images. Container ship dock: Glow Images/Superstock. p. 165 Container ship: © Juice Images/Alamy. p. 190 Portrait: Tim Roberts/Getty Images. Highway direction signs: Vividpixel/Dreamstime. 3-D brain map: Thinkstock. Man eating hamburgers: craftvision/Getty Images. p. 191 Portrait of a young woman: Ashley Hildreth. p. 228 Portrait: Thinkstock. Harvesters: Terrance Klassen/AgePhotostock. Strawberry pickers: Ilene MacDonald/Alamy. Cookie packagers: iStockphoto. p. 229 Wheat field: Vaclav Volrab/Shutterstock. p. 258 Portrait: Luis Alvarez/Getty Images. Coca Cola: Tomatillos and tomatoes: iStockphoto. p. 259 Strawberries: Thinkstock. p. 300 Portrait: © Ocean/Corbis. Loose diamonds: iStockphoto. Seated woman with bills: Sacks/Getty Images. Airport lounge: Exactostock/Superstock. p. 301 Model with enormous diamond ring: Icogenic/Getty Images. p. 328 Portrait: gulfimages/Alamy. Office conference: Martin Barraud/Getty Images. Chess game: Photosindia/Getty Images. Mobil sign: AP Photo/Steven Senne. Exxon sign: Tim Sloan/AFP/Getty Images/Newscom. Mall: iStockphoto. Mall advertisements: Andrew Moore/Gallery Stock. p. 329 Office corridor: Pressmaster/Shutterstock. p. 370 Portrait: © Image Source. Smokestacks: iStockphoto/Thinkstock. Oil spill cleanup workers: © AccentAlaska.com/Alamy. Steamroller: Telekhovskyi/Shutterstock. p. 371 No fishing sign: iStockphoto/Thinkstock. p. 422 Portrait: © Martin Palombini/Corbis. Fallow field: iStockphoto/Thinkstock. Large imaging machine: iStockphoto/Thinkstock. Two young men: iStockphoto/Thinkstock. People of different professions in hardhats: Kurhan/Shutterstock. Office workers at desks with computers and telephones: AAGIA/Getty Images. p. 423 Students on graduation day: Exactostock/Superstock. p. 452 Portrait: © Paul Burns/Corbis. Robot worker: Beth Hail/Bloomberg via Getty Images. Human worker: iStockphoto. Line at bank teller: Thinkstock. Lemons: iStockphoto. p. 453 Female café owner: Tetra Images/Alamy.