Acknowledgments
Completing a project like this is a team effort, and we both have been blessed with good students and colleagues who have given us advice and encouragement.
John B. Taylor
I am grateful to many colleagues and students, whom I have consulted over the years, including Don Brown, Tim Breshanan, Marcelo Clerici-Arias, Anne Kreuger, Tom McCurdy, Paul Milgrom, Roger Noll, John Pencavel, Paul Romer, Nate Rosenberg, Mark Tendell and Frank Wolak. I must acknowledge with very special gratitude Akila’s partnership in this project. Akila first demonstrated his extraordinary teaching and writing skills even before completing his PhD at Stanford. After receiving his PhD, Akila joined the faculty at Wellesley College, where he has taught the Principles course for many semesters and further established his reputation for teaching excellence, and in 2002, received the Anna and Samuel Pinanski Teaching Award. His ability to get complex topics across to his students and his enthusiasm for bringing policy implications alive is clearly reflected in our new coauthored book.
Akila Weerapana
I am exceedingly grateful to John for giving me the opportunity to communicate my enthusiasm for teaching economics to a broader audience than the students in my classes at Wellesley. My passion for economics stems from the inspiration I received from my economics professors: Barbara Craig and Peter Montiel at the undergraduate level, and John Taylor, Frank Wolak, and Chad Jones at the graduate level. I too have benefited immensely from working with my colleagues. The faculty members in the Economics Department at Wellesley live up to the liberal arts ideal that I aspire to, combining excellent teaching with active research. Special thanks are owed to the late Chip Case, Courtney Coile and David Lindauer for the time they spent helping me understand how best to pitch topics in microeconomics that I am less familiar with teaching than they are. The real inspirations for this book, however, are the students that I have taught over the past two decades—two years at Stanford, but especially, the last seventeen years at Wellesley. Without their enthusiasm for economics, their willingness to be continually challenged, and their need to better understand an ever-changing world, none of this would be possible. My contributions to this book are shaped by countless hours spent talking economics with my students.
Together
Together, we would also like to thank William B. Stronge of Florida Atlantic University, who provided wonderful end-of-chapter problems that are conceptually challenging and require students to think more deeply about the concepts. Bill’s efforts helped us meet an incredibly demanding schedule, and we are grateful for his contributions. Numerous reviewers provided insights, suggestions, and feedback along the way—often at critical points in product and supplement development. These individuals include Mohsen Bahmani-Oskooee, University of Wisconsin, Milwaukee; Erik Craft, University of Richmond; David H. Eaton, Murray State University; Lewis Freiberg, Northeastern Illinois University; Wang Fuzhong, Beijing University of Aeronautics & Astronautics; Janet Gerson, University of Michigan; Lisa Grobar, California State University, Long Beach; Ritika Gugnani, Jaipuria Institute of Management (Noida); Gautam Hazarika, University of Texas, Brownsville; Aaron Johnson, Missouri State University; Jacob Kurien, Rockhurst University; Babu Nahata, University of Louisville; Soloman Namala, Cerritos College; Sebastien Oleas, University of Minnesota, Duluth; Greg Pratt, Mesa Community College; Virginia Reilly, Ocean County College; Brian Rosario, University of California, Davis; William B. Stronge, Florida Atlantic University; Della Lee Sue, Marist College; J. S. Uppal, State University of New York, Albany; Michele T. Villinski, DePauw University; and Laura Wolff, Southern Illinois University, Edwardsville. We are grateful to Sarah L. Stafford of the College of William and Mary and Robert J. Rossana of Wayne State University for their detailed and timely accuracy checks of the main texts and several key supplements. We are especially appreciative of the contributions of the Sixth Edition supplements authors for their creativity, dedication, and careful coordination of content; this group includes Sarah E. Culver, University of Alabama, Birmingham; David H. Eaton, Murray State University; John Kane, State University of New York, Oswego; Jim Lee, Texas A&M University, Corpus Christi; John S.Min, Northern Virginia Community College; Wm. Stewart Mounts, Jr., Mercer University; David H. Papell, University of Houston; Virginia Reilly, Ocean County College Center for Economic Education; Brian Rosario, University of California, Davis; John Solow, University of Iowa; William B. Stronge, Florida Atlantic University; Eugenio D. Suarez, Trinity University; and Laura Wolff, Southern Illinois University, Edwardsville. We would also like to thank Edward Gullason of Dowling College for reviewing many of these supplements and Matthew Berg and Julia Ong for copyediting them.
Reviewers
Matthew Alford, Southeastern Louisiana University
Charles Anderson, Kean University
Len Anyanwu, Union County College
Kenneth Ardon, Salem State College
Sukhwinder Bagi, Bloomsburg University
Gaurango Banerjee, University of Texas at Brownsville
Kevin Beckwith, Salem State College
Charles A. Bennett, Gannon University
Derek Berry, Calhoun Community College
Charles Bondi, Morgan State University
Joyce Bremer, Oakton Community College
Amy Chataginer, MS Gulf Coast Community College
Paul Clement, Fashion Institute of Technology-SUNY
Marcelo Clerici-Arias, Stanford University
Barbara Collister-Priestley, Concordia University Ann Arbor
Mitchell Dudley, The College of William & Mary
Dr. J. Pat Fuller, Brevard CC
Cynthia Gamez, The University of Texas at El Paso
Lara Gardner, Southeastern Louisiana University
Dale Garrett, Evangel University
Satyajit Ghosh, University of Scranton
Sarah Ghosh, University of Scranton
Alan Gin, University of San Diego
Judith Grenkowicz, Kirtland Community College
Curry Hilton, Guilford Technical Community College
James Holcomb, University of Texas at El Paso
Gokhan Karahan, Delta State University
Ghebre Keleta, Grambling State University
Deborah Kelly, University of San Diego
Tori Knight, Carson-Newman College
Viju Kulkarni, Mesa College
Sonja Langley, Prairie View A&M University
Sang Lee, Southeastern Louisiana University
Charles Link, University of Delaware
Linda Loubert, Morgan State University
Farzin Madjidi, Pepperdine University/GSEP
Tim McCabe, Tompkins Cortland Community College
Todd McFall ,Wake Forest University
Daniel Morvey, Piedmont Technical College
Shahriar Mostashari, Campbell University
Francis Mummery, Fullerton College
Pattabiraman Neelakantan, East Stroudsburg University
Ogbonnaya Nwoha, Grambling State University
Olugbenga Onafowora, Susquehanna University
Chuck Parker, Wayne State College
Van Pham, Salem State College
Roxana Postolache, Capital University
Rahim Quazi, Prairie View A&M University
MG Quibria, Morgan State University
David Rodgers, Northwestern Connecticut Community College
S. Scanlon Romer, Delta College
Daniel Saros, Valparaiso University
Mark Scanlan, Stephen F. Austin State University
Ted Scheinman, Mt. Hood Community College
Virginia Shingleton, Valparaiso University
Noel Smith, Palm Beach State College
Donald Sparks, The Citadel
Mark Steckbeck, Campbell University
TaMika Steward, Tarrant County College
Chin-Chyuan Tai, Averett University
Robert Tansky, St. Clair Community College
Jill Trask, Tarrant County College
Margie Vance, North Arkansas College
Lisa Verdon, College of Wooster
Ann Wimmer, Iowa Lakes Community College
Benaiah YongoBure, Kettering University