Trade-Offs: An Introduction to Economic Reasoning

The highly engaging introduction to thinking like an economist, updated for a new generation of readers.
When economists wrestle with any social issue—be it unemployment, inflation, healthcare, or crime and punishment—they do so impersonally. The big question for them is: what are the costs and benefits, or trade-offs, of the solutions to such matters? These trade-offs constitute the core of how economists see the world—and make the policies that govern it.
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