What exactly is a credit crunch? Why do footballers earn so much more than the rest of us? Which country is likely to be the world's leading economy in 10 years' time? And how does economics affect each one of us, every day? In the seventh volume of the successful 50 Ideas series, Daily Telegraph economics editor Edmund Conway introduces and explains the central ideas of economics in a series of 50 clear and concise essays. Beginning with an exploration of the basic theories, such as Adam Smith's 'invisible hand', and concluding with the latest research into the links between wealth and happiness, he sheds light on all the essential topics needed to understand booms and busts, bulls and bears, and the way the world really works. Packed with real-life examples and quotations from key thinkers, 50 Economics Ideas provides a fascinating overview of how economics influences every aspect of our lives, from buying a house to what we had for breakfast this morning.
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What exactly is a credit crunch? Why do footballers earn so much more than the rest of us? Which country will be the world's leading economy in 10 years' time? And how does economics affect each one of us, every day? Edmund Conway, economics editor of the Daily Telegraph, introduces and explains the central concepts of economics in a series of 50 accessible and engaging essays. Beginning with the basic theories, such as Adam Smith's 'invisible hand' and the law of supply and demand, and concluding with the latest thinking on the links between wealth and happiness and the shape of 21st-century economics, he sheds light on all the essential topics needed to understand booms and busts, bulls and bears, and the way the world really works. Packed with real-life examples and quotations from key thinkers, 50 Economics Ideas You Really Need to Know is a lively and relevant exploration of how economics influences every aspect of our lives, from buying a house to what you ate for breakfast this morning.
From the Back Cover
The invisible hand. Supply and demand. The Malthusian trap. Opportunity cost. Incentives. Division of labour. Comparative advantage. Capitalism. Keynesianism. Monetarism. Communism. Individualism. Supply-side economics. The marginal revolution. Money. Micro and macro. Gross domestic product. Central banks and interest rates. Inflation. Debt and deflation. Taxes. Unemployment. Currencies and exchange rates. Balance of payments. Trust and the law. Energy and oil. Bond markets. Banks. Stocks and shares. Risky business. Boom and bust. Pension and the welfare state. Money markets. Blowing bubbles. Credit crunches. Creative destruction. Home-owning and house prices. Government deficits. Inequality. Globalization. Multilateralism. Protectionism. Technological revolution. Development economics. Environmental economics. Behavioural economics. Game theory. Criminomics. Happynomics. 21st-century economics.
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At last I can properly understand all those slightly baffling economic phrases that the papers are littered with - stagflation and quantitative easing trip off my tongue. Hurrah! And most importantly I can now play those irritating conversationalists who pretend they know stuff at their own game.
Its clear and concise and easy to dip into. I'm very interested but I'm afraid I don't have time to go digging into massive tomes. I know these are big subjects and there is a lot more to read but as an introduction this is just perfect. Thank you Mr Conway for a refreshing and compelling introduction to a tricky but topical subject!
this ebook covers off the basics that we all should know and learn in... Read more
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