The Little Book of Economics: How the Economy Works in the Real World, Revised and Updated
- 2h 43m
- Greg Ip
- John Wiley & Sons (US)
- 2013
Not surprisingly, regular people suddenly are paying a lot closer attention to the economy than ever before. 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. Enter Greg Ip and his Little Book of Economics. Like a patient, good-natured tutor, Greg, one of today's most respected economics journalists, walks you through everything you need to know about how the economy works. 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.
- From inflation to the Federal Reserve, taxes to the budget deficit, you get indispensable insights into everything that really matters about economics and its impact on everyday life
- Special sections featuring additional resources of every subject discussed and where to find additional information to help you learn more about an issue and keep track of ongoing developments
- Offers priceless insights into the roots of America's economic crisis and its aftermath, especially the role played by excessive greed and risk-taking, and what can be done to avoid another economic cataclysm
- Digs into globalization, the roots of the Euro crisis, the sources of China's spectacular growth, and why the gap between the economy's winners and losers keeps widening
About the Author
Greg Ip is the U.S. economics editor for the Economist magazine, based in Washington, DC. His career spans two decades of financial and economic journalism, including 11 years at the Wall Street Journal in both New York and Washington and before that stints at the Financial Post and the Globe and Mail in Canada. He appears frequently on television and radio, including National Public Radio, PBS, and MSNBC and is a regular on-air contributor to CNBC. He has won or shared in several prizes for reporting. Greg graduated from Carleton University in Ottawa, Canada, with a degree in economics and journalism. He lives in Bethesda, Maryland.
In this Book
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The Little Book of Economics—How the Economy Works in the Real World, Revised and Updated
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Foreword
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Introduction
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The Secrets of Success—How People, Capital, and Ideas Make Countries Rich
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Economic Bungee Jumping—Business Cycles, Recessions, and Depressions... Oh My!
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In-Flight Monitor—Tracking and Forecasting the Business Cycle from Takeoff to Landing
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Labor Pains—Employment, Unemployment, and Wages
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Fire and Ice—Warning—Inflation and Deflation Are Toxic to Your Economic Health
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Drop the Puck!—The Globalization Game Is Here Whether We’re Ready or Not
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All the World’s an ATM—Knitting Global Markets Together
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The Price of Economic Freedom—Currencies Reflect a Country’s Economic Character, for Better or for Worse
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All the President’s Men—They Don’t Control the Economy but They Sure Do Try
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The Buck Starts Here—The Federal Reserve’s Amazing Power to Print and Destroy Money
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White Smoke over the Washington Mall—The Making of Monetary Policy and the Fine Art of Fed Watching
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When the World Needs a Fireman—America’s Lender of Last Resort and the World’s Crisis Manager
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The Elephant in the Economy—What the Government Giveth and Taketh Away
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Good Debt, Bad Debt—How Government Borrowing Can Save or Destroy an Economy
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Love-Hate Relationship—The Bipolar Financial System— Essential for Economic Growth but Sometimes It Goes Nuts
