Common Cents: How the Economy Really Works--from the Global Market to the Supermarket

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More About This Book

Overview

Common Cents gives average Americans the fundamental knowledge they need to make smart decisions on family finances, investments, jobs, even health care and outsourcing. Now available in paperback, it brings into focus the hot-button economic, social, and political issues that dominate the front pages of newspapers—especially during these trying financial times. Instead of get-rich-quick schemes or insider stock tips, Dr. Nancy J. Kimelman addresses the most pressing questions of our time, helping readers raise their economic IQ so they can enjoy a more comfortable, assured, and intelligent life.

Product Details

  • ISBN-13: 9781402752568
  • Publisher: Sterling Publishing
  • Publication date: 9/2/2008
  • Pages: 288
  • Sales rank: 1,171,360
  • Product dimensions: 6.30 (w) x 9.00 (h) x 1.10 (d)

Table of Contents

Preface: Why Play Dumb? ix

Part I Basic Skills xiii

1 Supply and Demand: The Foundation of All Things Economic 1

2 Time Is on Our Side: Money, Credit, and Wealth 21

3 Bonds and Stocks and Interest, Oh My! 37

4 Here Comes da Fed 49

5 Order from Chaos: The U.S. Financial System and Its Institutions 59

6 Rediscovering Markets: The Big Bang of Finance 81

7 Doing Without: The Basics of Middle-Class Finance 93

8 Trying to Defy Gravity, and Failing: The Basics of Government Finance 117

9 Multiply by a Gazillion: Tracking the Course of the U.S. Economy 129

10 Who's in Control Here? 151

Part II Explaining the Past, Predicting the Future, and Tackling the Hard Problems 171

11 The Baltic Over Oil 173

12 Over, Under, and Through: The Economics of Immigration 183

13 "Made in China" 195

14 Where's My Job? Finding Cheaper Labor Overseas 215

15 All Aboard: Resolving Our Health Care Troubles 227

16 The More Things Change, the More Things Change 247

Resources 261

Acknowledgments 265

Index 267

Customer Reviews

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Sort by: Showing all of 3 Customer Reviews

  • Posted November 30, 2008

    I Also Recommend:

    9780470039205

    Dr. Kimelman Describes Basic Economic/Banking/Finance Concepts

    The book is of good use if you need a basis of knowledge of the concepts of economics, banking, and finance. Dr. Kimelman does not tackle topics that I thought the cover would suggest (only US policy was covered). The author also seemed to favor free markets until the end when she seemed to want the US to move to a system more towards the idea of socialized medicine (even though she declared the only solution to be found in free markets- it confused me). The book covered mostly non-political topics until the last chapters of the book when she praised Volcker and briefly talked about globalisation.

    The biggest critique I have of the book is that the author writes the book as if she is writing to an audience of teenage girls. It is full of terrible jokes and quips. I realize the book was to be in layman terms, but it would have been much easier to read without her not-so-funny comments.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted September 19, 2008

    Great Read! Explains whats going on during the financial crisis

    Everyone should read this. Far more fluid in language than 'Freakonomics.' I really enjoyed the commentary on the oil situation and the financial crisis we currently endure.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted August 20, 2008

    Great Introduction to Economics

    'Common Cents,' really does bring sense to how the economy works. It breaks down economics into simple steps that can be easily understood. As a college professor, I would hghly recommend this book for an Economics 101 class. Its a fun, intelligent read, and gives the reader a clear outline of how the economy really works.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.
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