Spin-Free Economics: A No-Nonsense, Nonpartisan Guide to Today's Global Economic Debates

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Overview

With technology and globalization advancing at breakneck speed, the world economy becomes more complex by the day. Activists, politicians, and media enablers—conservative and liberal, left and right, informed and just plain wrong—consistently seize this opportunity to present woefully simplistic explanations and hype the latest myths regarding issues affecting the economy. Their purpose is not to educate but to advocate and, in many cases involving the media, manufacture outrage to drive ratings higher. So, where...

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SPIN-FREE ECONOMICS

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Overview

With technology and globalization advancing at breakneck speed, the world economy becomes more complex by the day. Activists, politicians, and media enablers—conservative and liberal, left and right, informed and just plain wrong—consistently seize this opportunity to present woefully simplistic explanations and hype the latest myths regarding issues affecting the economy. Their purpose is not to educate but to advocate and, in many cases involving the media, manufacture outrage to drive ratings higher. So, where can you find the truth about today’s economy and how it affects you? Turn off the TV, put down the magazine, log off the Internet—and read this book.

Spin-Free Economics places the current economic debates where they belong: in the middle of the road. With no political ax to grind, Nariman Behravesh takes a centrist approach to explain how today’s economic issues affect individuals and businesses. Along the way, he debunks myths regarding the effects of immigration, unemployment, regulation, productivity, education, health care, and other headline issues. Spin-Free Economics answers today’s most pressing questions, including

  • Will more regulation prevent financial crises?
  • Are outsourcing and foreign ownership good or bad for Americans?
  • Should we fear or embrace Asia’s emerging economic powers?
  • Is aid or trade the solution to global poverty?

The vast majority of economists, Behravesh points out, are independent analysts who are in agreement on many of today’s issues. Unfortunately, the subject has been taken over by opportunists, whose answers to the questions above invariably fall along partisan lines. Spin-Free Economics is a breath of fresh air for those seeking an alternative to the chatter of ideologues and cynics. Rejecting the manipulative approach of “sound-bite economics,” Nariman Behravesh uses facts and insight tempered by clearheaded reason to present the most accurate assessment of the subject to date.

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Product Details

  • ISBN-13: 9780071549035
  • Publisher: McGraw-Hill Professional Publishing
  • Publication date: 10/21/2008
  • Edition number: 1
  • Pages: 384
  • Sales rank: 848,228
  • Product dimensions: 6.30 (w) x 9.10 (h) x 1.40 (d)

Meet the Author

Nariman Behravesh is Chief Economist for Global Insight, an economic and financial analysis firm. He previously served as Chief International Economist at Standard & Poor's.

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Table of Contents

Introduction The Ideological Divide and Sound-Bite Economics Have Polarized the Public Discussion of Economic Issues and Given Rise to Dangerous Myths 1

Background: Lessons from History and the Consensus Among Economists 7

Pt. I Markets Know Best 27

Pt. II There Is a Price for Everything 51

Pt. III Competition Is the Consumer's Best Friend 71

Pt. IV Growth Is Good 95

Pt. V Globalization Is More Like Love Than War 129

Pt. VI Good Government, Bad Government: The Fine Art of Knowing When Government Intervention Helps More Than It Hurts 177

Pt. VII Poverty, Inequality, and Job Insecurity: Help the Vulnerable and Downtrodden Without Hurting the Rest 235

Pt. VIII Macroeconomic Policies: The Long (And Ultimately Successful) Search for Stability 267

Pt. IX Financial Markets and the Economy: The Tail Need Not Wag the Dog 303

Conclusion: Nine Economic Lessons for a Polarized World 333

Notes and Sources 335

Index 361

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Customer Reviews

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