This new seventh edition of the book offers extensivediscussion of information, uncertainty, and game theory. Itcontains over a hundred examples illustrating the applicability ofeconomic analysis not only to mainline economic topics but alsoissues in politics, history, biology, the family, and many otherareas. These discussions generally describe recent researchpublished in scholarly books and articles, giving students a goodidea of the scientific work done by professional economists. Inaddition, at appropriate places the text provides 'applications'representing more extended discussions of selected topics includingrationing in wartime (Chapter 5), import quotas (Chapter 7),alleged monopolistic suppression of inventions (Chapter 9), minimumwage laws (Chapter 11), the effects of Social Security upon saving(Chapter 15), fair division of disrupted property (Chapter 16) andwhether individuals should pay ransom to a kidnapper (Chapter17).
