From Here to Economy: A Shortcut to Economic Literacy

From Here to Economy: A Shortcut to Economic Literacy

by Todd G. Buchholz
     
 

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What is the GDP, and what does it mean? Why does the stock market go down when interest rates go up? What causes a dreaded recession? Economics impacts everyone's life, but most people take on faith what they read in the newspaper. Now, for anyone who doesn't know much about economics, noted economist Todd Buchholz explains it all simply and clearly. With refreshing… See more details below

Overview

What is the GDP, and what does it mean? Why does the stock market go down when interest rates go up? What causes a dreaded recession? Economics impacts everyone's life, but most people take on faith what they read in the newspaper. Now, for anyone who doesn't know much about economics, noted economist Todd Buchholz explains it all simply and clearly. With refreshing wit and irreverence, Buchholz takes readers by the hand and reveals the basic rules behind everything from food prices to trade deficits. Instead of complicated graphs and charts he uses examples from contemporary life and popular culture to demonstrate the principles at work. By cutting through the arcane musings of academicians, the jargon of analysts and advisors, and the rhetoric of politicians, he gives us a precise and accessible understanding of economic ideas, actions, and consequences as they actually exist in the here and now. Here are some of the heretofore unintelligible ideas he helps us to understand: what causes or combats inflation, and why it is so feared; what moves stocks and bonds up and down - and how to invest wisely and safely; whether it is good or bad to "protect" America from foreign goods - and what happens when we do and when we don't; what exactly Social Security is, and whether government spending is good or bad - and how dangerous the national debt is or isn't. In today's confusing economic climate, it has never been more important for everyone from homemakers to small-business owners to individual investors and middle managers to understand the forces at work.

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Editorial Reviews

Publishers Weekly - Publisher's Weekly
``You would probably do just as well choosing a stock by throwing a stockbroker at a dartboard as listening to his advice-and you would save money,'' opines Buchholz (New Ideas from Dead Economists) in this humorous version of Econ 101. Here he demystifies such terms as inflation, monetary policy, exchange rates and corporate financing and provides a concise history of economic thought from Adam Smith to contemporary supply-side economics. Formerly associate director of economic policy on President Bush's Economic Policy Council and now president of an international consulting firm, Buchholz argues against adopting a Canadian-style national health plan or forcing employers to provide medical coverage. Instead, he says, individuals should be required to obtain their own, to discourage frivolous expenditures. Fortune Book Club selection. (May)
Library Journal
The news contains major stories about various aspects of the economy, from the stock market to inflation to GATT. For the nonspecialist, the economic concepts involved may be daunting. According to Buchholz, "most people have found economics to be like a bad steak: dry, tough, and tasteless." Buchholz, who has served as associate director of economic policy and deputy executive secretary of the White House Economic Policy Council, here aims to demystify economics. Using contemporary examples to explain key economic principles, he presents an uncomplicated and clear analysis. The book is divided into five parts: macroeconomics, microeconomics, international economics, business and individual investment, and history of economic thought. The appendix lists "Greatest Hits of Economics," including the five top economists; a helpful list of suggested readings is included. Recommended for public libraries as a complement to the author's previous New Ideas from Dead Economists: An Introduction to Modern Economic Thought (NAL, 1989).-Lucy Heckman, St. John's Univ. Lib., Jamaica, N. Y.
David Rouse
Economics is anything but dismal in the hands of Buchholz, a former professor and regular contributor to "Forbes" and the "Wall Street Journal". His "New Ideas from Dead Economists" (1989) was a lively, entertaining introduction to economic theory that effectively explained various economic schools of thought--even for those whose eyes glaze over after reading the second page of the newspaper's business section. He continues here where the previous book left off, demonstrating how "economics" determines everything from the advertising we watch to the health care we receive. With four broad sections covering macroeconomics, microeconomics, international trade and finance, and investing, Buchholz offers up everyday, real-life examples that vividly and clearly illustrate the basic principles of economics. Highly recommended for all public libraries, but especially for smaller libraries with limited business collections.

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Product Details

ISBN-13:
9781101563724
Publisher:
Penguin Publishing Group
Publication date:
05/01/1996
Sold by:
Penguin Group
Format:
NOOK Book
Pages:
288
Sales rank:
1,036,945
File size:
0 MB
Age Range:
18 Years

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