The past twenty years have been an era of economic disappointment in the U.S. They have also been a time of intense economic debate, as rival ideologies contend for policy influence.

Since 1990 there has been a renaissance of theoretical and empirical work on the spatial aspects of the economy - that is, where economic activity occurs and why.

The author of "The Age of Diminished Expectations" returns with a sobering tour of the global economic crises of the last two years.

With this new 12th Edition, the author team of Nobel Prize-winning economist Paul Krugman, renowned researcher Maurice Obstfeld, and Marc Melitz of Harvard University continues to set the standard for International Economics courses.

This edition looks at how risky behaviour can lead to disaster in private markets, with colourful examples from Lloyd's of London and Sumitomo Metals.

Krugman examines the course of economic geography and development theory to shed light on the nature of economic inquiry.

With this new tenth edition, the author team of Nobel Prize-winning economist Paul Krugman, renowned researcher Maurice Obstfeld, and Marc Melitz of Harvard University continues to set the standard for International Trade courses.

Market Structure and Foreign Trade presents a coherent theory of trade in the presence of market structures other than perfect competition.

"The authors successfully debunk the myths circulated by the critics of foreign investment. Their research is careful, their writing clear, and their analysis incisive." -Susan Liebeler, The Wall Street Journal.

Focuses on the imperfect integration of the world economy, showing how this has become both cause and effect of exchange-rate instability.