- ISBN13: 9780764557262
- Condition: USED – EXCELLENT
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Product Description
If you reckon economics is a complicated discipline that’s reserved for theorists and the intellectual elite and has nothing to do with you, reckon again. Economics impacts every aspect of our lives, from what we eat, to how we dress, to where we live. Economics might be complicated, but it has everything to do with you.
Economics For Dummies helps you see how your personal financial picture is influenced by the larger economic picture. When you know how what happens on Wall Street affects Main Street and how policies emanating from the White House impact the finances in your house, you’ll be able to:
- Learn how government economic decisions affect you and your family
- Make better spending decisions and improve your personal finances
- Maximize your business profits
- Make wiser investments
Written by Sean M. Flynn, PhD, Assistant Professor of Economics at Vassar College, Economics For Dummies covers all the basics of micro- and macroeconomic theory. The next time you need to know an economic theory or calculation, whether it’s on the nightly news or on a spreadsheet at work, you’ll no longer be in the dark. Economics For Dummies covers all the history, principles, major theories, and terminology, including:
- How economics affect governments, international relations, business, and even environmental issues like global warming and endangered species
- How the government fights recessions and unemployment using monetary and fiscal policy
- How and why international trade is excellent for you even if you don’t appreciate French champagne, Irish crystal, or Swiss watches
- How the law of supply and demand can clarify the prices of everything from comic books to open heart surgeries
- How the Federal Reserve controls the money supply, interest rates, and inflation
- Basic theories such as Keynesian economics, the Laffer Curve, and Adam Smith’s Invisible Hand
Presenting complex theories in simple terms and helping you decode the jargon, know the equations, and debunk the common misconceptions, Economics For Dummies could be a huge boon to your personal economy!
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The author demonstrates that market economies perform best. To be able to do this, some prerequisites are necessary:
- stable prices (low inflation)
- sufficient laws (e. g. for patents)
- no price controls (e. g. no minimum wages)
- fierce competition (destruction or regulation of cartels, trusts, and monopolies).
Environment issues and unfair trade with less developed countries do not arise due to market economics. They are caused by the lack of free markets!
- Pollution certificates and fishing licenses can be used against pollution and overfishing.
- The trade with less developed countries is unfair because the rules of market economies are not fulfilled by the industry states. They must abolish agrary subsidies, import quotas, and tariffs.
I recommend this book.
Rating: 5 / 5
Haven’t read it all yet but its well written and amusing so far.
Reckon I will learn a lot from it.
Rating: 5 / 5
Well I must say I was surprised at the quality of the information in this book considering the price; not belittling the “Dummies” series. I’m not completely devoid of knowledge but in this field and this book is certainly filling in the blanks for me. When I’m finished my mates want to read it
Rating: 4 / 5
This book will provide a broad view of the economics and is a fantastic guide for the student as well for the layman.
Rating: 4 / 5
I have always prided my ability to pick out and buy worth while books. My self esteem was seriously hurt when I tried to read this buy. Charts and tables were beyond comprehension, maybe I need a couple degrees beyond my PhD, who knows. The words and explanations were not for dummies, not up to dummy standards, dummies would have been bored to tears – now I know first hand what John Taylor Gatto meant when he said our education is dumbing us down. One might say I just didn’t appreciate his stylistics, right, but I do have a real problem with the books content. Every historical episode has at least 2, maybe more, interpretations and/or evaluations, there is always some opposition to every thought/proposal, but in this pollyanna version of history you will only find one version, one point of view. Although there are many different economical systems that could dominate and control a society/country, you won’t learn that in this book. To learn what economics is about one needs to place studies in context, in historical periods where the theories were proposed and why (mainly controlling money and the world). If that is your interest, skip this book. Instead try “The Worldly Philosophers” by Heilbroner, “The Web of Debt” by Brown, or “The Lost Science of Money” by Zarlenga.
Rating: 1 / 5