What's new in the new edition?

As I have noted in a previous post, the sixth edition of my principles text has recently been released.  Finding things to update was easy.  When the last edition was sent to the printer, President Obama had not yet clinched the Democratic nomination!  Just think of everything that has happened in the economy and economic policy since then.

If you wonder more specifically what you will find in the new edition that was not in the last one, here is a list.

Chapter 1
New Case Study: The Incentive Effects of Gasoline Prices
New paragraph on the recent downturn added under Principle 10
Two new problems

Chapter 2
New In the News box: The Economics of President Obama
Table 1 updated and substantially expanded
New Cartoon in Appendix

Chapter 3
Tiger Woods changed to Tom Brady in in-text example.
New Question for Review
New problem

Chapter 4
New article for the In the News box: Price Increases After Disasters

Chapter 5
New FYI box: A Few Elasticities from the Real World

Chapter 6
New In the News box: Should Unpaid Internships Be Allowed?

Chapter 7
New problem

Chapter 8
New In the News box: New Research on Taxation

Chapter 9
New In the News box: Trade Skirmishes, about U.S. tariffs on Chinese tires and the retaliatory response
New problem

Chapter 10
New In the New box: The Externalities of Country Living
New In the News box: Cap and Trade
New problem

Chapter 11
Introduce new term: Club goods.
New In the News box: The Case for Toll Roads
Two new problems

Chapter 12
New In the News box: The Temporarily Disappearing Estate Tax
New In the News box: The Value Added Tax

Chapter 13
New problem

Chapter 14
New problem

Chapter 15
New In the News box: President Obama’s Antitrust Policy
Two new problems

Chapter 16
Two new problems

Chapter 17
New In the News box: The Next Big Antitrust Target?
New problem

Chapter 18
New problem

Chapter 20
New In the News box: What’s Wrong with the Poverty Rate?
New In the News box: The Root Cause of a Financial Crisis
New problem

Chapter 21
New In the News box: Backward-sloping Labor Supply in Kiribati
Three new problems

Chapter 22
New In the News box: Arrow’s Problem in Practice
New In the News box: Sin Taxes

Chapter 23
New In the News box: Beyond Gross Domestic Product
New problem

Chapter 24
New In the News box: Shopping for the CPI
New problem

Chapter 25
New In the News box: One Economist’s Answer (to what makes a nation rich)

Chapter 26
New FYI box: Financial Crises
Two new problems

Chapter 27
New In the News box: A Cartoonist’s Guide to Stock Picking
New In the News box: Is the Efficient Markets Hypothesis Kaput?
Two new problems

Chapter 28
New In the News box: The Rise of Long-term Unemployment
New In the News box: How Much Do the Unemployed Respond to Incentives?

Chapter 29
New In the News box: Mackereleconomics
New Section on Bank Capital, Leverage, and the Financial Crisis of 2008-2009
Much revised section on the tools of monetary policy. It now includes a discussion of the Term Auction Facility and the Fed’s payment of interest on reserves.
New In the News box: Bernanke on the Fed’s Toolbox
New Question for Review
New problem

Chapter 30
New FYI box: Hyperinflation in Zimbabwe
New section: Inflation is Bad, But Deflation May Be Worse
New In the News box: Inflationary Threats

Chapter 31
Box on Euro updated to discuss problems in Greece
New problem

Chapter 32
New In the News box: Alternative Exchange-Rate Regimes

Chapter 33
New In the News box: The Social Influences of Economic Downturns
New Case Study: The Recession of 2008-2009
New In the News box: Modern Parallels to the Great Depression

Chapter 34
New FYI box on the Zero Lower Bound
New In the News box: How Large is the Fiscal Policy Multiplier?

Chapter 35
New In the News box: Do We Need More Inflation?

Chapter 36
New (sixth) debate added on spending hikes vs tax cuts to fight recessions
New FYI box on inflation targeting
New In the News box: What is the Optimal Inflation Rate?
New In the News box: Dealing with Debt and Deficits