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The book introduces 10 principles of economics "that supposedly represent the heart of economic wisdom". [10] [11] They are listed by Mankiw as follows: 1. People face trade-offs 2. The cost of something is what you give up to get it 3. Rational people think at the margin 4. People respond to incentives 5. Trade can make everyone better off 6.
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Principles of Economics [1] is a leading political economy or economics textbook of Alfred Marshall (1842–1924), first published in 1890. [2] [3] It was the standard text for generations of economics students. Called his magnum opus, [4] it ran to eight editions by 1920. [5]
Books from the Library of Congress elementaryprinci00fish (User talk:Fæ/IA books#Fork5) (batch 1900-1924 #16571) File usage No pages on the English Wikipedia use this file (pages on other projects are not listed).
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Principles of Economics may refer to a number of texts by different academic economists: Grundsätze der Volkswirtschaftslehre (Principles of Economics) (1870) by Carl Menger , the first to use the title, dropping "political" from the term "political economy"
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