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50 Economics Ideas You Really Need to Know (50 Ideas You Really Need to Know series) by [Conway, Edmund]
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50 Economics Ideas You Really Need to Know (50 Ideas You Really Need to Know series) Kindle Edition

4.5 out of 5 stars 66 customer reviews

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Product Description

From the Inside Flap

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.

Product details

  • Format: Kindle Edition
  • File Size: 1166 KB
  • Print Length: 240 pages
  • Publisher: Quercus (3 Sept. 2009)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B005ELU01Y
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Enhanced Typesetting: Not Enabled
  • Average Customer Review: 4.5 out of 5 stars 66 customer reviews
  • Amazon Bestsellers Rank: #114,352 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

4.5 out of 5 stars
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Top Customer Reviews

Format: Hardcover
As someone who thinks she knows a bit about economics but on occasion feels woefully uninformed, this book is exactly what I was looking for. It is interesting, readable, witty in places and pitched at just the right level - being informative without being patronising. Most importantly it covers all those crucial topics I kind of thought I knew about but didn't really, and occasionally ended up feeling slightly clueless in conversations whilst others waxed lyrical about crunches, markets and all the `isms' (insert protection, multilateral, capital etc as required).

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!
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Format: Hardcover
Conway really knows a thing or 50 about economics. The joy of this book though is that whilst it helps 'tick things off' which anyone with half an eye on current affairs and the world around really ought to know, it does so in a chirpy snappy manner which helps to instil a sense of confidence to reflect on, and converse about, ideas which might hitherto have seemed impenetrably esoteric. Moreover, it imparts a great deal of enthusiasm for the subject matter and I feel encouraged and equipped to gain a more comprehensive and in-depth understanding of these key principles of economic theory and analysis.
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Format: Hardcover
A really useful book. Simple but not simplistic. Worth passing on to younger people who want to understand issues.
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Format: Kindle Edition Verified Purchase
I enjoyed this book very much - economics isn't easy for us non boffins to get a grip of but this book is very readable and the sequence is logical. A whole raft of ideas that hadn't occured such as 'why price rises / inflation/ unemployment are all necessary' You might not agree with it ( a Marksist friend is still near apoplexy at the ideas)but you WILL learn loads of stuff
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Format: Hardcover Verified Purchase
The "Economics" edition of the "50 Ideas You Really Need To Know" series is something of a disappointment compared with some of the other books in this series, although it still offers some good things. It shares the same format of all of the series - namely 50 ideas, each given four pages, a time line (which is slightly more useful in this book than in some others) and a trite condensed view of the idea in a few words. At its best, this is a good series of books but like all of these collections, much depends on the clarity of the individual author. Writing in such a limited length while trying to express sometimes complex ideas is not easy and Conway sometimes veers too much towards the bland for my taste although arguably this is the remit.

It has, though, two particular strengths. Firstly, unlike some in this series where the order of the ideas is alphabetic, Conway does at least offer some structure to the approach. He groups the ideas into:

The Basics
The Movements
How Economies Work
Finance and Markets
The Issues
Alternative Economics.

Within this, his approach is also quite logical - often based on a building of ideas. This is a vast improvement to the lazy alphabetical approach that others follow (come on, even chronological would be a start). The second plus is that in the final part - Alternative Economics - Conway gets to grips with what makes the better books in this series so good.

The series is interesting and well worth reading when it sticks to what it is best at - presenting ideas and explaining why they are interesting.
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Format: Kindle Edition Verified Purchase
I would recommend that anyone starting a degree or any course / qualification in economics reads this first, and then refers back to it when clarification of a principle is required.
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Format: Hardcover Verified Purchase
This is a clever series, based on the principle that, with articles only four pages long, no-one is going to get bored. Free to dip in and out of the short chapters, the reader never feels they have `lost the thread' of any complex narrative.

This book briefly looks at such concepts as inflation,unemployment; sovereign debt, budget deficits,exchange rates; bonds, banks, money markets; globalisation,GDP, boom-and-bust; comparative advantage;keynesianism,monetarism.

For my level of understanding, I found that some explanations were perfectly pitched, some redundant, and some beyond me. You may well find a similar pattern . With the daily papers as full as ever of economic riddles, it's good to master at least some of the jargon
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Format: Hardcover Verified Purchase
I bought 50 economics ideas having bought the philosophy equivalent a few months ago. I'd rate philosphy 7/10 and this one 9. the ideas are very carefully chosen and the author has that rare ability to take a relatively sophisticated concept and *translate* it into something easily and enjoyably digestable for the layperson.
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