- Paperback: 352 pages
- Publisher: Economist Books (7 May 2009)
- Language: English
- ISBN-10: 1846681669
- ISBN-13: 978-1846681660
- Product Dimensions: 12.9 x 2.2 x 19.8 cm
- Average Customer Review: 3.2 out of 5 stars See all reviews (4 customer reviews)
- Amazon Bestsellers Rank: 601,166 in Books (See Top 100 in Books)
The Economist: Economics: An A-Z Guide (Economist a-Z Guide) Paperback – 7 May 2009
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There couldn't be a better time for these business guides from The Economist - They're a handy guide, with some dry humour and stern disapproval thrown it to stop things getting too dull - These are interesting and excellent reference guides to those interested in the markets, or who own shares. Anybody who thinks they have nothing to learn from these is asking for trouble, or raised eyebrows at the very leastA" - Jeremy Hazlehurst, City AM.
The new essential guide from The Economist.See all Product description
Top Customer Reviews
If you're hoping for a serious explanation of how an economy works, you'll be disappointed. Even a subject as important as inflation, for example, only gets two pages, and that's about the longest entry in the book.
This is most likely to be useful to students starting at a low level - I found I already knew most of what's in here, and I haven't actually studied economics as such, though I've read a fair bit over the years. I'm pretty sure you'd find most of this on the internet for free (in Wikipedia for example).
Well, up to a point Lord Copper.
Overall, this is a handy guide - and I would recommend it - but is spoiled by the condescending smugness that makes reading The Economist such a tooth-grinding experience.
It would have been better had the editor stuck to straightforward definitions and explanations instead of bringing in economists' "jokes"*, chatty biographical info about famous economists and contemporary references that will soon date.
Do we really need half a page on Alan Greenspan, who is described as a "former jazz musician turned economist", or need to know that David Ricardo was the third of 17 children of a wealthy banker?
This is the dismal science we are talking about, not an item for People or Hello magazine!
It might also have been better to recognize that US terminology rules supreme nowadays. For example, the reference to "Leverage" directs the reader to "Gearing", a term I have never seen used outside the UK.
There are imbalances and inconsistencies. Why is a definition of "Profit" not offset by one for "Loss"?
Why do we have a definition of "Profit margin" but nothing about "Gross Profit" or "Net Profit".
Some of the definitions are questionable - "unions" as a "cartel" - and reflect the set-in-stone judgment we find in the pages of The Economist's every week.
"Protectionism" is summed up as: "Opposition to Free Trade.Read more ›