The Little Book of Economics



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 BookProvides A Comprehensive Understanding Of Each Aspect Of Our Economy From Inflation And Unemployment To International Trade And FinanceServes As An Insider S Guide To The People And Institutions That Control America S Economy Such As The Federal Reserve And The Federal BudgetExplains 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 ThreatsWalks Readers Through The Basic Concepts And Terminology They Need To Understand Economic NewsPunctures 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.The Little Book of Economics

Is a well-known author, some of his books are a fascination for readers like in the The Little Book of Economics book, this is one of the most wanted Greg Ip author readers around the world.

[Reading] ➿ The Little Book of Economics  By Greg Ip – E17streets4all.co.uk
  • Hardcover
  • 288 pages
  • The Little Book of Economics
  • Greg Ip
  • English
  • 16 October 2017
  • 9781118391570

10 thoughts on “The Little Book of Economics

  1. says:

    The Little Review of Economics Usually when an Economics book claims to condense core ideas into a short frame, it is best for the reader to be on the lookout for ideological biases It is hard to boil down the opposing ideas that make up Economics into any simple framework without committing many sins of omission As all such books do, Ip too starts with the set formula of Economics text books first give a brief on how economics is perceived as such a hard and complex discipline and then assure the reader that in this book it is presented in a simple and concise manner What is left out in such introduction is the fact that the book hardly ever even attempts to address the whole field.Contrary to most such books, Ip manages to steer clear of obvious bias and also manages to keep the explanations simple enough for the lay reader though he uses sections called into the weeds to explain complex concepts In all, this is a cute little book to have and it can serve as a useful introduction Ip never goes beyond the most basic of concepts and never ventures into the really controv...

  2. says:

    The author says that growth comes from population size and productivity which increases the pay of productive people Unfortunately, even the examples he picks show this isn t even remotely true There is no necessary relationship between what a person gets paid and how productive they are There is a necessary relationship between how much someone has the authority to determine their own pay and how much they get paid, but this has no relationship to actual productivity It s just about who has the leverage to force others to give them money This is true whether you re talking about someone stealing money from you at gunpoint or at the tip of pen Leverage determines pay and productivity is largely irrelevant Overlaps are coincidental.It is true that sometimes people who deserve get but that should not be confused with the belief that this is what happens most or even much of the time The evidence simply doesn t support the idea of the connection being particularly frequent The author tries to hide this by cherry picking the examples of superstar...

  3. says:

    This was a great little book of economics true to its title The book covered some basic macroeconomics theories as well as some finance I think it gave decent background info for those with no econ or finance background, but it definitely not for someone who wanted to have details on the subject I liked the fact that it ties a lot back to the current financial crisis with, in my opinion, unbiased point of view It tried to present both sides of the coins Bottom line is everything is unknown The game changes depending on so many different factors The system is complex and can be very fragile One of many thoughts worth pondering Like the Fed s apparent success at taming the business cycle, its crisis management skills may have lulled us into thinking the economy has become a safer, less violent place 166 I actually would have like to see afterword with Ip s thoughts on what s going to happen with the current crisis.I also enjoyed his writing style It made for fast reading, and it wasn t dull to read He spun some humorous analogies in there, which made things easier to understand For example, I liked the fact that he compared crises to viruses Having vaccinated everyone against whatever killed the last business cycle, they fail to spot the virus that infects the current one 27 I knew most of the information covered in the book, but it still was refreshing to read it.We must have been the only kids in town wh...

  4. says:

    Suffers from a serious problem of masquerading as a relatively objective introduction, while the author seemingly can t help but interject his own biases On several occasions, it is gallingly easy to spot examples of him framing something that worked well for an economy with a description of free market, even though such a nebulous thing only exists in abstraction and for which he never bothers to give a meaningful definition Meanwhile, as quickly as a couple of sentences later when describing something bad that happened to the economy that could just as easily be described as being a product of the mythical free market to which he often refers, he ll avoid this descriptive phrasing in order to condition the reader into thinking that such an alleged free market couldn t have negative consequences He also frequently makes off hand remarks that would likely breeze by unnoticed in...

  5. says:

    OK, this slim volume could be called Economics for Dummies It tackles a bewilderlingly complex and arcane subject and tries to boil it down to a few simple essentials No small task, especially for a little book If you know any economics, it s probably too simple and you will probably disagree with parts of it If know nothing about economics except that it s sometimes referred to as the dismal science, it will probably make the subject seem a little less dismal But it will also leave you thinking it s not a science at all That s not to say that it doesn t achieve its objective At times, it actually makes what can be a dry and boring subject interesting The material is clearly presented, but clearly the subject matter is confusing and often contradictory Hence, my favorite part of this book was the joke about the President who said he was going to start hiring only one armed people to be his economic advisors because all the on...

  6. says:

    At first, I thought this book might be a good refresher on economics However, it was much overtly political than I had hoped it would be It seems that most economists cannot help but intersperse their opinions throughout the text For someone who knows little about economics, this might be a bit over your head For someone who deals in the business and finance world on a daily basis, as I do, this is not really a good refresher I couldn t say I learned much ...

  7. says:

    This was a good summary of economics concepts, and I thought there were some pretty good examples and metaphors that helped to clarify the ideas I can t say that I understood everything, but I understand about economics than I did before reading this book, which I figure is a win This see...

  8. says:

    Reading in economics is never a load of fun, but I ve had to give economics lectures a half dozen times now and have come away from each one wishing I had a better way of boiling the subject down Greg Ip s book does that amazingly well, and I ll definitely be recommending it to my students.

  9. says:

    I ve read enough of these books now that I feel mostly confident saying this is a book about macroecominics which means, mostly, that there really isn t much math which is good and bad , no demand curves and things like that This means that there s none of that sexy freakanomics behavioral economics that I think attracted me at first about these pop economics stuff.That said, this book is good at understanding how all the different reports you hear about on NPR fit together, and how the information those reports contain affect public policy it is overall a very lucid precis of the economy on a national level, and is really impressive for peeling back the layers of all these elements of the economy, writ large, and how they fit together I did miss the hesitation I found in academic treatments of economics Ip has no problem saying that gov t intervention is a problem for economic growth, without any concession that without interv...

  10. says:

    quick read Great book for people who know little about economics A bit advanced for the teabaggers.

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