The Instant Economist: Everything You Need to Know About How the Economy Works

The Instant Economist: Everything You Need to Know About How the Economy Works

4.8 5
by Timothy Taylor
     
 

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The Only Economics Book You Will Ever Need - A Library Journal 2012 Best Business Book of the Year

Economics isn't just about numbers: It's about politics, psychology, history, and so much more. We are all economists-when we work, save for the future, invest, pay taxes, and buy our groceries. Yet many of us feel lost when the subject arises.

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Overview

The Only Economics Book You Will Ever Need - A Library Journal 2012 Best Business Book of the Year

Economics isn't just about numbers: It's about politics, psychology, history, and so much more. We are all economists-when we work, save for the future, invest, pay taxes, and buy our groceries. Yet many of us feel lost when the subject arises. Award-winning professor Timothy Taylor tackles all the key questions and hot topics of both microeconomics and macroeconomics, including:

  • Why do budget deficits matter?
  • What exactly does the Federal Reserve do?
  • Does globalization take jobs away from American workers?
  • Why is health insurance so costly?

     

    The Instant Economist offers the knowledge and sophistication to understand the issues- so you can understand and discuss economics on a personal, national, and global level.

Editorial Reviews

Library Journal
Taylor's (managing editor, Journal of Economic Perspectives) volume can help conversationalists looking to raise the bar for their watercooler chats and casual readers who want to understand better the current economic condition of the United States. Taylor uses simple language with field-specific vocabulary to explain economic concepts, and each concept is successfully reinforced with a real-life—and usually entertaining—example. He hits all the subjects that might interest a layperson, such as division of labor, supply and demand, wages, competition and monopoly, inflation, banking, and trade, for a total of 36 petite chapters—just enough information to give the reader a basic but well-rounded understanding of the subject. VERDICT This highly readable, nonpoliticized look at some of the economic principles that shape our society, presented in an engaging, anecdotal fashion, is highly recommended for armchair economists and anyone with a general interest in the state of our economy.—Poppy Johnson-Renvall, Central New Mexico Community Coll. Lib., Albuquerque

Product Details

ISBN-13:
9781101559772
Publisher:
Penguin Publishing Group
Publication date:
01/31/2012
Sold by:
Penguin Group
Format:
NOOK Book
Pages:
272
Sales rank:
469,360
File size:
411 KB
Age Range:
18 Years

Meet the Author

Timothy Taylor is managing editor of the American Economics Association's Journal of Economic Perspectives. He won numerous teaching awards for his classes at Stanford University and was named a distinguished lecturer at the University of Minnesota. He lives in St. Paul, Minnesota.

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