Little Book of Economic How the Economy Works in the Real World

ISBN-10: 0470621664
ISBN-13: 9780470621660
Edition: 2010
List price: $15.99
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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.  More...

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Book details

List price: $15.99
Copyright year: 2010
Publisher: John Wiley & Sons, Limited
Publication date: 9/21/2010
Binding: Hardcover
Pages: 272
Size: 5.25" wide x 7.25" long x 1.00" tall
Weight: 0.682
Language: English

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 insightA 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.

Foreword
Introduction
The Secrets of Success
How People, Capital, and Ides Make Countries Rich
Economic Bungee Jumping
Business Cycles, Recessions, and Depressions…Oh My!
In-Flight Monitor
Tracking and Forecasting the Business Cycle from Takeoff to Landing
Labor Pains47
Employment, Unemployment, and Wages
Fire and Ice65
Warning: Inflation and Deflation Are Toxic to Your Economic Health
Drop the Puck85
The Globalization Game Is Here Whether We're Ready or Not
All the World's an ATM
Knitting Global Markets Together
All the President's Men
They Don't Control the Economy But They Sure Do Try
The Buck Starts Here
The Federal Reserve's Amazing Power to Print and Destroy Money
White Smoke over the Washington Mall
The Making of Monetary Policy and the Fine Art of Fed Watching
When the World Needs a Fireman
America's Lender of Last Resort and the World's Crisis Manager
The Elephant in the Economy
What the Government Giveth and Taketh Away
Good Debt, Bad Debt
How Government Borrowing Can Save or Destroy an Economy
Love-Hate Relationship
The Bipolar Financial System-Essential for Economic Growth But Sometimes It Goes Nuts
A Species of Neuralgia
The Multiple, Recurring Causes of Financial Crises
Acknowledgments
About the Author
Index

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