In my view this is head and shoulders above all other basic economics textbooks because of its clear graphical expositions, great content and relevance. I usually get only 50 pages through other textbooks before finding errors, but not so with Krugman and Wells. It's accurate, clear and well-written. For instance just look at their simple diagrams of industry structures on page 374 or public goods on page 478 - two subjects on which many a student has become totally confused. Here the concepts are explained in the simplest possible diagrams. Normally I have to draw these diagrams to orient lost students. Krugman and Wells know the theories, know the pitfalls in teaching them, and have written a superb book full of relevant examples with colour diagrams and photos throughout. Make sure you get the Third International Edition, which includes the 2009 Financial Crisis, not the US, or 1st or 2nd editions. Pricey but well worth it: you only buy a basic (micro- and macro-) economics textbook once, so make it a good one.
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