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The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits)
 
 
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The Little Book of Economics: How the Economy Works in the Real World (Little Books. Big Profits) [Hardcover]

Mohamed El-Erian , Greg Ip
5.0 out of 5 stars  See all reviews (3 customer reviews)
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Product details

  • Hardcover: 272 pages
  • Publisher: John Wiley & Sons (21 Sep 2010)
  • Language English
  • ISBN-10: 0470621664
  • ISBN-13: 978-0470621660
  • Product Dimensions: 18.8 x 14.4 x 2.4 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Bestsellers Rank: 108,499 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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Greg Ip
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Product Description

Review

"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 Description

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.


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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Most Helpful Customer Reviews
3 of 4 people found the following review helpful
A Great Book 21 Dec 2010
By Gids
Format:Hardcover
OK so it'll never teach you enough to be an economist but it does give you enough knowledge to make sense of the news and start to enable you to draw your own conclusions - economics is an art rather than a science.
If you enjoyed Freakonomics and it whetted your appetite for economics this book is a must.
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1 of 2 people found the following review helpful
Format:Hardcover
This is a very good Economics book. What initially endeared me to it was the fact that it was written by The Economics newspaper US Economics editor, Greg Ip.

The book is actually targeted at the "layman" who may not fully understand what the subject is all about and may have been put off from seeking to know more about it because of its perceived complexities and jargon. However, it is also a good read for those who are "accomplished" as Economists in their professional lives. It actually explains clearly, how economic policies made by the government influences our day-to-day lives, why some countries are richer or poorer than others and the sorts of factors that could trigger another crisis like the one we just witnessed.

I studied Economics at graduate and post-graduate levels and the book allows me view some of the subject's concepts through a different lens. I recommend to all and sundry!!!
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1 of 2 people found the following review helpful
By Tom_Mc
Format:Hardcover
Although very US biased this does rattle through the fundamentals at a great pace and with some expectation that you are not approaching this as an utter imbecile. If you wanted to check out the explanations in what happens in the real world no doubt you would quickly come a cropper, but that is true of all economic theory. It is easier to explain than predict.
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