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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

4.0 4
by Robert L. Heilbroner, Lester C. Thurow
 

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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."

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. In this straightforward, highly accessible reference, Heilbroner and Thurow -- two of America's most respected and articulate economists -- 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:
9780671884222
Publisher:
Touchstone
Publication date:
12/02/1993
Edition description:
Rev. and updated
Pages:
288
Product dimensions:
5.49(w) x 8.40(h) x 0.74(d)

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Economics Explained: Everything You Need to Know About How the Economy Works and Where It's Going 4 out of 5 based on 0 ratings. 4 reviews.
jplatzer More than 1 year ago
This small paperback provides a fairly detailed outline of important basics of economics. More importantly, it avoids complex mathematics and instead focuses on the hows and whys of economics. How is GDP calculated and why? Why would a government want to engage in deficit spending as opposed to running on a surplus? Should the government be heavily involved or lightly involved in the operation of the economy. Heilbroner's straightfoward way of explaining the why's helps you to get a real grasp of the concepts. It won't turn you into an economist, but you'll be able to read the paper with a bit more understanding going forward.
Guest More than 1 year ago
Although this book claims that it will show both the liberal and conservative view, it is obviously written with a strong liberal bias. That is unfortunate. I find the biased to be as extreme as insulting to conservative economic thinking. The worse part of this is that this is the textbook for a college course! Fits perfectly with the typical liberal college education system. If you can wade through the liberal glorification you may learn something.
Guest More than 1 year ago
perfect introduction if you need to know some basics on contemporary economics. no long, difficult language: clear and simple explanations. even a lawyer can understand it ...
Guest More than 1 year ago
Well, let me think. This book was quite the thinker, if you are stupid. Yet at the same time maybe that is what America needs more of.... an easy book to read. Something that the average (uninformed and uneducated) citizen needs. Something that will teach the jargdon that economists use in every day life. The two authors go off on their own opinions and their own point of views, which tend to be 'out there' and somewhat biased towards the consumer. What you must remember when you buy this book is that the two men whom wrote this book ae very opinionated yet at the same time they try to give 'both sides of the coin'. There are parts to this book that were meant for the unimformed person yet at te same time as you venture in to the book you quickly find that the words, terms, points, theories, and applications that are used throughout the whole book are used with in the economist shell. This book was ok yet it is the best book for people to be reading if they do not know what the theories of the economy are.