Book How Economy Works

The Little Book of Economics
by Greg Ip

An accessible, thoroughly engaging look at how the economy really works and its role in your everyday life

Not surprisingly, regular people suddenly are paying a lot closer attention to the economy than ever before. But economics, with its weird technical jargon and knotty concepts and formulas can be a very difficult subject to get to grips with on your own. Enter Greg Ip and his Little Book of Economics. Like a patient, good-natured tutor, Greg, one of today’s most respected economics journalists, walks you through everything you need to know about how the economy works. Short on technical jargon and long on clear, concise, plain-English explanations of important terms, concepts, events, historical figures and major players, this revised and updated edition of Greg’s bestselling guide clues you in on what’s really going on, what it means to you and what we should be demanding our policymakers do about the economy going forward.

  • From inflation to the Federal Reserve, taxes to the budget deficit, you get indispensible insights into everything that really matters about economics and its impact on everyday life
  • Special sections featuring additional resources of every subject discussed and where to find additional information to help you learn more about an issue and keep track of ongoing developments
  • Offers priceless insights into the roots of America’s economic crisis and its aftermath, especially the role played by excessive greed and risk-taking, and what can be done to avoid another economic cataclysm
  • Digs into globalization, the roots of the Euro crisis, the sources of China’s spectacular growth, and why the gap between the economy’s winners and losers keeps widening

How the Economy Works
by Roger E. A. Farmer

“Of all the economic bubbles that have been pricked,” the editors of The Economist recently observed, “few have burst more spectacularly than the reputation of economics itself.” Indeed, the financial crisis that crested in 2008 destroyed the credibility of the economic thinking that had guided policymakers for a generation. But what will take its place? In How the Economy Works, one of our leading economists provides a jargon-free exploration of the current crisis, offering a powerful argument for how economics must change to get us out of it. Roger E. A. Farmer traces the swings between classical and Keynesian economics since the early twentieth century, gracefully explaining the elements of both theories. During the Great Depression, Keynes challenged the longstanding idea that an economy was a self-correcting mechanism; but his school gave way to a resurgence of classical economics in the 1970s-a rise that ended with the current crisis. Rather than simply allowing the pendulum to swing back, Farmer writes, we must synthesize the two. From classical economics, he takes the idea that a sound theory must explain how individuals behave-how our collective choices shape the economy. From Keynesian economics, he adopts the principle that markets do not always work well, that capitalism needs some guidance. The goal, he writes, is to correct the excesses of a free-market economy without stifling entrepreneurship and instituting central planning. Recent events have shown that we cannot afford to treat economics as an ivory-tower abstraction. It has a direct impact on our lives by guiding regulators and policymakers as they make decisions with far-reaching practical consequences. Written in clear, accessible language, How the Economy Works makes an argument that no one should ignore.

Economix
by Michael Goodwin

New York Times bestseller
 
Stimulus plans: good or bad? Free markets: How free are they? Jobs: Can we afford them? Occupy Wall Street . . . worldwide!
Everybody’s talking about the economy, but how can we, the people, understand what Wall Street or Washington knows—or say they know? Read Economix.
With clear, witty writing and quirky, accessible art, this important and timely graphic novel transforms “the dismal science” of economics into a fun, fact-filled story about human nature and our attempts to make the most of what we’ve got . . . and sometimes what our neighbors have got. Economix explains it all, from the beginning of Western economic thought, to markets free and otherwise, to economic failures, successes, limitations, and future possibilities. It’s the essential, accessible guide to understanding the economy and economic practices. A must-read for every citizen and every voter.

Find teaching guides for Economix and other titles at abramsbooks.com/resources.

PRAISE FOR ECONOMIX

“Goodwin brilliantly contextualizes economic theories with historical narrative, while Burr’s simple but elegant illustration employs classical techniques like caricaturing politicians and symbolizing big businesses (as a gleeful factory) to help the reader visualize difficult concepts.” Publishers Weekly, starred review

“[Economix] brings a lively visual sensibility to this intensely abstruse subject matter without condescending to the reader or dumbing the ideas down.” —MotherJones.com

“Flat-out awesome!” —Wired.com

This witty and elegant volume takes on a number of complex issues—in this case, economics, history and finance—and makes them comprehensible for mere mortals.” —Miami Herald

“After reading Economix I felt like I understood many fundamental aspects about the way the world works that I had been too lazy to learn about before . . . Economix is a book I’m going to buy and give to people.” —Boing Boing

“Having never taken economics in college, I find the world of high finance needlessly complicated and confusing. Thankfully Michael Goodwin saw the need for a basic primary on how the economy currently works and how we got here. A text like this would certainly help high school and college students gain their first taste of financial literacy and it comes recommended for the rest of us.” —ComicMix.com

“Just when the world seems to have fallen apart thanks to the economy, Goodwin and Burr’s Economix comes along to give us some understanding of the immense, yet still ‘delicate machine’ that controls our world so that we can be the rulers with our votes and not the uninformed (or disinformed) ruled.” —BigThink.com

“Michael Goodwin hasn’t just written a great graphic novel—he’s written one that should be required for every school, newsroom and library in the United States.” —Minneapolis Star Tribune

“It’s simply phenomenal. You could read ten books on the subject and not glean as much information.”
David Bach founder of FinishRich Media; author of nine New York Times bestsellers, including Debt Free for Life and The Automatic Millionaire

“Goodwin has done the seemingly impossible—he has made economics comprehensible and funny.”

Joel Bakan, author of The Corporation: The Pathological Pursuit of Profit and Power

“An amazing lesson in true-world economics! Delightfully presented, powerful, insightful, and important information! What a fun way to fathom a deep and often dark subject!”

John Perkins, author of Hoodwinked and the New York Times bestseller Confessions of an Economic Hit Man

“Smart, insightful, clear, and as close to the truth as economics can get. The bonus: Who would have guessed that economics could be fun, and—here’s the joy—really accessible? Goodwin roots us in history and fills us with common sense understanding. As he puts it early on, economics seems horribly complicated mostly because we’re looking at it all at once. Broken down into its component pieces, it’s relatively easy to understand. And a good understanding of economics is critical to maneuvering in the world today. If I were compiling a list of the 100 most important books you can read in a lifetime, this would be on it.”

Stephen Petranek, editor-in-chief, Weider History magazines, former editor-in-chief of Discover magazine

“Through a potent mix of comics and punchy, concise, accessible prose, Goodwin takes us on a provocative, exhaustively researched, and exceedingly engaging trip through our history and present day, creating an alternately hilarious and scary picture of where we are today as an economyand what it all means. More than that, Goodwin makes the arcane, understandable. If your mind either spins or slumbers at the thought of economics, read Goodwin’s Economix and all will become clear.

Nomi Prins, author of It Takes a Pillage: An Epic Tale of Power, Deceit, and Untold Trillions

Economix is a lively, cheerfully opinionated romp through the historical and intellectual foundations of our current economy and our current economic problems. Goodwin has a knack for distilling complex ideas and events in ways that invite the reader to follow the big picture without losing track of what actually happened. Any reader wondering how our economy got to where it is today will find this a refreshing overview.”
Timothy W. Guinnane, Philip Golden Bartlett Professor of Economic History, Yale University


Mindful Economics
by Joel Magnuson

Are the huge profits garnered by corporations each year a case of a few bad apples in the business world taking advantage of unmonitored dealings? Is this consolidation of wealth made at the expense of the overall economy and the wellbeing of the average citizen? Will the planet be saved by developing more “green businesses” and “green collar” jobs? Joel Magnuson delivers a powerful response to the current misconceptions about the US economy in his brilliantly accessible Mindful Economics. The troubles we face are not the result of a good system gone awry, but rather a system that is built to do exactly what it is doing: corporations are designed to reap profits for its shareholders, at any cost. The greater welfare of society, or of the environment, will never be as important as financial gain. Magnuson shows us the relationship between the current wars abroad; rising oil prices; the recession; ballooning incomes of top CEOs; the mortgage crisis; and the health care, insurance, and auto industries, and he teaches us that the best way to understand the US economy is to think like an economist. With stunning clarity, Magnuson shows the interconnectedness of the local with the global, and offers real alternatives to this capitalist model.

How an Economy Grows and Why It Crashes
by Peter D. Schiff, Andrew J. Schiff

Straight answers to every question you’ve ever had about how the economy works and how it affects your life

In this Collector’s Edition of their celebrated How an Economy Grows and Why It Crashes, Peter Schiff, economic expert and bestselling author of Crash Proof and The Real Crash, once again teams up with his brother Andrew to spin a lively economic fable that untangles many of the fallacies preventing people from really understanding what drives an economy. The 2010 original has been described as a “Flintstones” take economics that entertainingly explains the beauty of free markets. The new edition has been greatly expanded in both quantity and quality. A new introduction and two new illustrated chapters bring the story up to date, and most importantly, the book makes the jump from black and white to full and vivid color.

With the help of colorful cartoon illustrations, lively humor, and deceptively simple storytelling, the Schiff’s bring the complex subjects of inflation, monetary policy, recession, and other important topics in economics down to Earth. The story starts with three guys on an island who barely survive by fishing barehanded. Then one enterprising islander invents a net, catches more fish, and changes the island’s economy fundamentally. Using this story the Schiffs apply their signature take-no-prisoners logic to expose the glaring fallacies and gaping holes permeating the global economic conversation. The Collector’s Edition:

  • Provides straight answers about how economies work, without relying on nonsensical jargon and mind-numbing doublespeak the experts use to cover up their confusion
  • Includes a new introduction that sets the stage for developing a deeper, more practical understanding of inflation and the abuses of the monetary system
  • Adds two new chapters that dissect the Federal Reserve’s Quantitative easing policies and the European Debt Crisis.
  • Colorizes the original book’s hundreds of cartoon illustrations. The improved images, executed by artist Brendan Leach from the original book, add new vigor to the presentation
  • Has a larger format that has been designed to fit most coffee tables.

While the story may appear simple on the surface, as told by the Schiff brothers, it will leave you with a deep understanding of How an Economy Grows and Why It Crashes.


How the Chinese Economy Works
by Rongxing Guo

An authoritative analysis of the result of China’s economic transformation. The book is important in focusing on regional comparisons and differences within China. The author analyzes the uneven distribution of natural and human resources and probes into the evolution of economic systems and policies from which differing regional economic performances have resulted. A multiregional comparison of the Chinese economy is conducted in terms of macroeconomic index, real living standard, and regional inequality. The author studies the possibilities and conditions for Chinese economic optimisations. Lastly, the author provides statistical information and economic analyses of the greater China area.

The Little Book of Economics
by Greg Ip

An accessible, thoroughly engaging look at how the economy really works and its role in your everyday life

Not surprisingly, regular people suddenly are paying a lot closer attention to the economy than ever before. But economics, with its weird technical jargon and knotty concepts and formulas can be a very difficult subject to get to grips with on your own. Enter Greg Ip and his Little Book of Economics. Like a patient, good-natured tutor, Greg, one of today’s most respected economics journalists, walks you through everything you need to know about how the economy works. Short on technical jargon and long on clear, concise, plain-English explanations of important terms, concepts, events, historical figures and major players, this revised and updated edition of Greg’s bestselling guide clues you in on what’s really going on, what it means to you and what we should be demanding our policymakers do about the economy going forward.

  • From inflation to the Federal Reserve, taxes to the budget deficit, you get indispensible insights into everything that really matters about economics and its impact on everyday life
  • Special sections featuring additional resources of every subject discussed and where to find additional information to help you learn more about an issue and keep track of ongoing developments
  • Offers priceless insights into the roots of America’s economic crisis and its aftermath, especially the role played by excessive greed and risk-taking, and what can be done to avoid another economic cataclysm
  • Digs into globalization, the roots of the Euro crisis, the sources of China’s spectacular growth, and why the gap between the economy’s winners and losers keeps widening

The Global Economy as You’ve Never Seen It
by Thomas Ramge, Jan Schwochow

An ingeniously conceived tour of the global economy and all its key components, illuminated one by one in 99 large-scale, full-color infographics

The economy is a complex, world-spanning, layer-upon-layer-upon-layer behemoth: One could argue that almost every aspect of our lives is connected to the realms of business and finance. And yet few of us truly understand it—even the world’s foremost economists can’t seem to agree on how it runs.

The Global Economy as You’ve Never Seen It presents 99 brilliant infographics that everyone can understand. From start-ups to monopolies, from trade agreements to theory, author Thomas Ramge and infographic specialist Jan Schwochow bring every facet of the economic web to life.

Economics connects us all, from what we buy, to how we buy it, who made it, and where. See the economy differently—and the world.


The Instant Economist
by Timothy Taylor

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.


How to Understand Economics in 1 Hour
by Marshall Payn

For decades US politicians have been kicking the federal deficit and overspending can down the road. No politician can get elected by running on a platform that will honestly fix the US economy. At no time in history has it been more crucial than now for each of us to understand our government. In order to do so, we must understand economics, politics, and the difference between the two. We are the richest country in history but yet we sit on the edge of financial disaster. How can we expect that to change if voters don’t understand the very basics of economics? There has never been a source of information on economics that people can easily understand, UNTIL NOW. Author Marshall Payn, with a degree in Economics from M.I.T., believes that the current presentation of economics in our educational system is the biggest obstacle in understanding economics. He developed his unique approach while working in the field of vocational education, i.e. getting fundamental information from one mind to another. In clear and simple terms, this book separates truth from emotion, economics from politics, and offers undeniable proof of our country’s destiny if each of us continues to elect politicians while lacking a clear understanding of basic economic principles. If you think you understand economics, think again. This book is an eye opener, not only with its content, but because these concepts are so simple. What is truly amazing is that the knowledge in this book is not common knowledge. You cannot call yourself a responsible citizen unless you read How to Understand Economics in 1 Hour prior to voting in the 2012 US election. It will change the way you see the government, politicians, and the future of our country.


About apujb86