The Little Book of Economics: How the Economy Works in the Real World / Edition 2

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Overview

Praise for THE LITTLE BOOK OF ECONOMICS

"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

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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

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Product Details

  • ISBN-13: 9781118391570
  • Publisher: Wiley
  • Publication date: 1/14/2013
  • Series: Little Books. Big Profits Series , #55
  • Edition description: Revised
  • Edition number: 2
  • Pages: 288
  • Sales rank: 348,518
  • Product dimensions: 5.30 (w) x 7.10 (h) x 1.10 (d)

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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Table of Contents

Foreword.

Introduction.

Chapter One The Secrets of Success.

How People, Capital, and Ideas Make Countries Rich.

Chapter Two Economic Bungee Jumping.

Business Cycles, Recessions, and Depressions . . . Oh My!

Chapter Three In-Flight Monitor.

Tracking and Forecasting the Business Cycle from Takeoff to Landing.

Chapter Four Labor Pains.

Employment, Unemployment, and Wages.

Chapter Five Fire and Ice.

Warning: Inflation and Deflation Are Toxic to Your Economic Health.

Chapter Six Drop the Puck!

The Globalization Game Is Here Whether We're Ready or Not.

Chapter Seven All the World's an ATM.

Knitting Global Markets Together.

\Chapter Eight All the President's Men.

They Don't Control the Economy But They Sure Do Try.

Chapter Nine The Buck Starts Here.

The Federal Reserve's Amazing Power to Print and Destroy Money.

Chapter Ten White Smoke over the Washington Mall.

The Making of Monetary Policy and the Fine Art of Fed Watching.

Chapter Eleven When the World Needs a Fireman.

America's Lender of Last Resort and the World's Crisis Manager.

Chapter Twelve The Elephant in the Economy.

What the Government Giveth and Taketh Away.

Chapter Thirteen Good Debt, Bad Debt.

How Government Borrowing Can Save or Destroy an Economy.

Chapter Fourteen Love-Hate Relationship.

The Bipolar Financial System—Essential for Economic Growth But Sometimes It Goes Nuts.

Chapter Fifteen A Species of Neuralgia.

The Multiple, Recurring Causes of Financial Crises.

Acknowledgments.

About the Author.

Index.

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Customer Reviews

Average Rating 3.5
( 15 )
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Sort by: Showing all of 15 Customer Reviews
  • Posted October 8, 2010

    Greg's new book should be on a must read for all Undergrad or even high school students as a general education course!

    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

    3 out of 3 people found this review helpful.

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  • Anonymous

    Posted October 24, 2011

    Good review of current situation

    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.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted September 23, 2013

    Sux

    Sux

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  • Anonymous

    Posted January 12, 2013

    This book purports to be nonfiction on a technical subject but i

    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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