With engaging and accessible prose, the book: provides a comprehensive understanding of each aspect of our economy from inflation and unemployment to international trade and finance; serves as an insider's guide to the people and institutions that control America's economy such as the Federal Reserve and the federal budget; explains the roots of America's current economic crisis and the risks the country faces in its aftermath, such as stratospheric government debt, while offering advice on overcoming these threats; walks readers through the basic concepts and terminology they need to understand economic news; punctures myths and political spin from both the left and the right with candid and often surprising insight. The beauty of it all is that there is not one diagram or graph - this ensures that the book can appeal to economics newcomers without bogging you down with graphs and figures. He appears frequently on television and radio, including National Public Radio. One positive side-effect of the recent financial market meltdown that toppled giant, century-old institutions and cost millions their jobs is that it created a strong desire among many Americans to better understand how the U. Short on technical jargon and long on clear, concise, plain-English explanations of important terms, concepts, events, historical figures and major players, this revised and updated edition of Greg's bestselling guide clues you in on what's really going on, what it means to you and what we should be demanding our policymakers do about the economy going forward. It is written by two of the most famous economists alive today and each of they provide an in-depth look at many important economic theories.
And that, ladies and gentlemen, is how a Stimulus Package works. Anyone who is serious about understanding economic theory should have this book at the top of their reading list. I read it on Kindle Cloud Reader. I would have rated it 5 except that I found the examples long and repeated more than what's needed. I found that to discuss reality economics, we have to take back control of the language or economic methodology, not use the logic that they use. Ben introduces the basics of economy using simple terms and very clear examples. I read it on Kindle Cloud Reader.
During the Great Depression, Keynes challenged the longstanding idea that an economy was a self-correcting mechanism; but his school gave way to a resurgence of classical economics in the 1970s—a rise that ended with the current crisis. Interesting, but not quite generalizable. Times are tough, everybody is in debt, and everybody is living on credit. Sharmini Peries is executive producer of The Real News Network. Perfect when paired with Clark, because Rosenberg and Birdzell present the classical argument for why Western Europe was the birthplace of the Industrial Revolution. But to make an alternative, you need an alternative way of looking at the world.
Schiff 2010 This book was only released on the market quite recently but already it has won a lot of praise. Economic theory tries to be more objective while many of our personal economic ideas are merely subjective. Will surely help if you want to start becoming economically literate. I think Ben Mathews does a good job of simply explaining concepts like why economies thrive, the importance of needing incentives, and why government deficits aren't that great. But what will take its place? His new book is: a CounterPunch digital edition.
Even those who vehemently oppose Karl Marx have no problem admitting that he provided influential theories that still have an impact today. Still, I will say I better appreciated the heyday of mercantilism after reading Clark. Also, I felt like the author was talking down to the reader. He also shows many scenarios of markets misregulation and suggests the best possible solutions. Book is good at explaining the theory behind economics. By the end of this book most readers will be able to discuss economics and form opinions based on sound ideas. A must read for all those who want to understand economics as al The book is simply brilliant.
When anyone argues that the current fast fading? Brief explanation of the major topic of the economy, based on American examples. This text will be suitable for almost anyway; a great introduction to the world of economic theory. Why did you write it? Written for the inquisitive layman who doesn't want to plow through academic jargon and Greek letters or pore over charts and tables, The Little Book of Economics offers indispensible insight into how the American economy works - or, doesn't. Ben Mathew's explanation in this book is very simple and clear. It is useful to understand the different economic theories not only because they provide a lot of insight about how the world works but also because they influence so many people. Blustein, a reporter for the Washington Post, tells the you-are-there version of the Asian financial crisis and the reaction from the U.
And I think your book is going to make a phenomenal contribution to the field of economics. Breve excursus sui maggiori topic dell'economia, basati su esempi Statunitensi. But economics, with its weird technical jargon and knotty concepts and formulas can be a very difficult subject to get to grips with on your own. Nye stretches his argument too far at times, but the interrelationship between war, protectionism, and statebuilding is pretty damn fascinating. Anyone who hopes to understand economic theory will need to read Marx.
What is the mythology there? His career spans two decades of financial and economic journalism, including eleven years at the Wall Street Journal in New York and Washington. I am an Indian and so usually little uncomfortable with American usage of words. He lives in Bethesda, Maryland. Judging by the e-mail response, the demand is robust and quite persistent. However, the author seems to be pretty set on the greatness of the free market like many other economists related to the Chicago School. Greg Ip is the U. Although I didn't study or read about economics before, it was very easy to understand everything in this book.
Economic theory is a more respected form of opinion because it is based on evidence and is subject to constant peer review. Got the answer to one question I always had. There are 400 words that I deal with. The press and journalistic reports use a terminology made of well crafted euphemisms to confuse understanding of how the economy works. Farmer balances the traditions of Hayek and Keynes to formulate a new way to stabilize the economy-and to solidify society's confidence about its future prospects.
This is the first book I ever read, other than text books. It's a good book for a novice like me. But whatever the examples he mentioned in this book, he explained it very well and it is perfect for any amateurs of economics like me to understand the whole basic concepts of economics and as the book says, how it works. The answer was in this book. ¨Indeed, the financial crisis that crested in 2008 destroyed the credibility of the economic thinking that had guided policymakers for a generation. Most of them are not even aware that the are involved in making a pencil. Strongly recommend it when you want to enter the world of economics.