Economics Explained: Everything You Need to Know about How the Economy Works and Where It's Going

Economics Explained: Everything You Need to Know about How the Economy Works and Where It's Going

by Robert L. Heilbroner, Lester C. Thurow
     
 

ISBN-10: 0671645560

ISBN-13: 9780671645564

Pub. Date: 04/15/1986

Publisher: Touchstone

In its fourth edition, Economics Explained continues its announced purpose - to explain that mysterious thing called economics. But there is a new urgency to the book. It is announced in the first sentence of the introduction: "Just in case the reader-to-be hasn't noticed, disturbing things are going on in the American economy these days." This new edition is about…  See more details below

Overview

In its fourth edition, Economics Explained continues its announced purpose - to explain that mysterious thing called economics. But there is a new urgency to the book. It is announced in the first sentence of the introduction: "Just in case the reader-to-be hasn't noticed, disturbing things are going on in the American economy these days." This new edition is about these disturbing things: a trend toward inequality of incomes, the appearance of a new "globalized" capitalism, the "specter" of inflation. As before, Robert Heilbroner and Lester Thurow treat these problems in language that seeks to make clear their causes and treatments. Heilbroner and Thurow offer all the economics essential for becoming an effective investor, a savvy business decision maker, or simply an informed member of society.

Product Details

ISBN-13:
9780671645564
Publisher:
Touchstone
Publication date:
04/15/1986
Series:
A Touchstone Book
Edition description:
Updated ed., updated Touchstone ed
Pages:
256
Product dimensions:
5.51(w) x 8.66(h) x (d)

Table of Contents

Introduction7
IThe Economic Background
1Capitalism: Where Do We Come From?11
2Three Great Economists26
3A Bird's-Eye View of the Economy44
4The Trend of Things55
IIMacroeconomics - The Analysis of Prosperity and Recession
5The GDP71
6Saving and Investing81
7Passive Consumption, Active Investment90
8The Economics of the Public Sector101
9The Debate About Government115
10What Money Is124
11How Money Works132
IIIMicroeconomics - The Anatomy of the Market System
12How Markets Work143
13Where Markets Fail153
14The Two Worlds of Business165
IVProblems
15The Specter of Inflation177
16The Inequality Problem186
17Globalization195
18National Policy in a Globalized World204
19The Unfinished Revolution217
Index

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