The Little Book of Economics: How the Economy Works in the Real World

The Little Book of Economics: How the Economy Works in the Real World

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by Greg Ip
     
 

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One positive side-effect of the recent financial market meltdown that toppled giant, century-old institutions and cost millions their jobs is that it created a strong desire among many Americans to better understand how the U.S. economy functions. In The Little Book of Economics, Greg, Ip, one of the country’s most recognized and respected

Overview

One positive side-effect of the recent financial market meltdown that toppled giant, century-old institutions and cost millions their jobs is that it created a strong desire among many Americans to better understand how the U.S. economy functions. In The Little Book of Economics, Greg, Ip, one of the country’s most recognized and respected economics journalists, walks readers through how the economy really works.

Written for the inquisitive layman who doesn’t want to plow through academic jargon and Greek letters or pore over charts and tables, The Little Book of Economics offers indispensible insight into how the American economy works – or, doesn’t. With engaging and accessible prose, the book

  • Provides a comprehensive understanding of each aspect of our economy from inflation and unemployment to international trade and finance
  • Serves as an insider’s guide to the people and institutions that control America’s economy such as the Federal Reserve and the federal budget
  • Explains the roots of America’s current economic crisis and the risks the country faces in its aftermath, such as stratospheric government debt, while offering advice on overcoming these threats
  • Walks readers through the basic concepts and terminology they need to understand economic news
  • Punctures myths and political spin from both the left and the right with candid and often surprising insight

A must read for anyone who wants a better grasp of the economy without taking a course in economics , The Little Book of Economics is a unique and engaging look at how the economy works in all its wonderful and treacherous ways.

Editorial Reviews

From the Publisher
"A guide to understanding 'the dismal science' and how economic concepts and institutions affect our daily lives" (The Economist, December 2010)

"...a must read in economic literacy." (USA Today, November 29, 2010)

"Finally, an economics book that is neither dull nor inscrutable and that won't put you to sleep. Greg Ip gives us a lucid and entertaining understanding of 'the dismal science' and reveals how economic concepts and institutions affect our daily lives. This little gem can turn all of us into sophisticated and educated citizens."
Burton G. Malkiel, Professor of Economics, Princeton University; author of A Random Walk Down Wall Street and The Elements of Investing

"Greg Ip is one of the world's best economic journalists. The Little Book of Economics will teach you much more than a little about the forces that shape all of our lives."
N. Gregory Mankiw, Professor of Economics, Harvard University; author of Principles of Economics

"Here's the perfect way to understand the economy without breaking a sweat. Clearly written and easy to understand, The Little Book of Economics guides you through what you need to know. Ip's bright light illuminates places previously darkened by insider jargon and arcane formulae."
Robert B. Reich, Professor of Public Policy, University of California, Berkeley; former U.S. Secretary of Labor

"The book is an excellent introduction to basic economic concepts and ideas explained in clear and thoughtful ways. A must read in economic literacy." "
Nouriel Roubini, Professor of Economics, New York University; Co-founder and Chairman of Roubini Global Economics

"Greg Ip has the rare talent of making even the toughest topics easy to understand. In The Little of Book of Economics, he tells you what you need to know with superb clarity and memorable examples. I recommend this book to anyone who wants a clear explanation of how the forces of economics shape the world."
Michael J. Mauboussin, Chief Investment Strategist, Legg Mason Capital Management; Author of Think Twice

Product Details

ISBN-13:
9780470929407
Publisher:
Wiley
Publication date:
08/26/2010
Series:
Little Books. Big Profits , #28
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
256
File size:
396 KB

What People are saying about this

From the Publisher
"A guide to understanding 'the dismal science' and how economic concepts and institutions affect our daily lives" (The Economist, December 2010)

"...a must read in economic literacy." (USA Today, November 29, 2010)

"Finally, an economics book that is neither dull nor inscrutable and that won't put you to sleep. Greg Ip gives us a lucid and entertaining understanding of 'the dismal science' and reveals how economic concepts and institutions affect our daily lives. This little gem can turn all of us into sophisticated and educated citizens."
Burton G. Malkiel, Professor of Economics, Princeton University; author of A Random Walk Down Wall Street and The Elements of Investing

"Greg Ip is one of the world's best economic journalists. The Little Book of Economics will teach you much more than a little about the forces that shape all of our lives."
N. Gregory Mankiw, Professor of Economics, Harvard University; author of Principles of Economics

"Here's the perfect way to understand the economy without breaking a sweat. Clearly written and easy to understand, The Little Book of Economics guides you through what you need to know. Ip's bright light illuminates places previously darkened by insider jargon and arcane formulae."
Robert B. Reich, Professor of Public Policy, University of California, Berkeley; former U.S. Secretary of Labor

"The book is an excellent introduction to basic economic concepts and ideas explained in clear and thoughtful ways. A must read in economic literacy." "
Nouriel Roubini, Professor of Economics, New York University; Co-founder and Chairman of Roubini Global Economics

"Greg Ip has the rare talent of making even the toughest topics easy to understand. In The Little of Book of Economics, he tells you what you need to know with superb clarity and memorable examples. I recommend this book to anyone who wants a clear explanation of how the forces of economics shape the world."
Michael J. Mauboussin, Chief Investment Strategist, Legg Mason Capital Management; Author of Think Twice

Meet the Author

Greg Ip is the U.S. Economics Editor for the Economist magazine, based in Washington, D.C. His career spans two decades of financial and economic journalism, including eleven years at the Wall Street Journal in New York and Washington. Before that, he wrote for the Financial Post and the Globe and Mail in Canada. He appears frequently on television and radio, including National Public Radio., PBS, CNN, CNBC, and MSNBC. He has won or shared in several prizes for reporting, and was part of the Wall Street Journal team that received the Pulitzer Prize in 2003 for breaking news reporting. Greg graduated from Carleton University in Ottawa, Canada, with a degree in economics and journalism. He lives in Bethesda, Maryland.

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Little Book of Economics 3.7 out of 5 based on 1 ratings. 17 reviews.
Jeanny777 More than 1 year ago
One factor which cannot be ruled out as to why the US is in financial decay is simply that our education system fails to teach the principles of finance, or our economy, and the dynamics of the interplay between world economies. That said, Greg's new book truly brings together the many facets of the financial system under one book and explains many of these principles in such elegant, yet so simple english for us readers to digest. And, there are such understated humorous moments as well! One walks away after finishing the book wondering why one didn't major in Economics in college! Maybe if undergraduate students are required to read this book as not just for Econo majors but as a general ed requirement, there would be more financially literate, and productive people in our world. Greg's Chapter 11 on the briefing overview on the months of how our Fed handled the financial chaos was insightful and really helped me as a reader to better grasp the situation. Cheers to you for writing this book Greg! Jeanny
Anonymous More than 1 year ago
There is no lack of "simple little books" designed to explain some complex situation but this book delivers on the promise. A timely update, it puts the economic tumult since 2008 in a readable format. IF our "leaders" could commuicate on this level it would go along way toward explaining what's happening and what may happen next. An easy read, I would recommend it for high school / undergraduate college students for a broad overview of the complexities of Economics. After reading this work I looked up additional works by its author, Greg Ip, and I enjoyed what I found. A contributor to the "Economist" magazine, he has the ability to examine the Economy without getting bogged down in superflous rhetoric and mind-numbing partisan politics.
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Sux
Anonymous More than 1 year ago
This book purports to be nonfiction on a technical subject but it doesn't even have an index - that's an insult to any serious reader.
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