Sunday, July 30, 2006

Go with the Flow



I had a conversation with my colleague at Rio she asked how do I like Krugman's new textbook so far?
I complained about Chapter 14 where he switches between Nominal and Real quantity of money so many times that it can becomes confusing.
However overall I recommended the book to her. She asked what do I like best about this book?
I said without thinking; "The Flow!"
This book does an excellent job explaining macroeconomics using the Circular-Flow model.