The Little Book of Economics: How the Economy Works in the Real World

by Greg Ip; Foreword by: Mohamed El-Erian (CEO of PIMCO)

• ISBN13: 9780470929315
• ISBN10: 0470929316
• Format: eBook
• Copyright: 2010-08-01
• Publisher: Wiley

Summary

Praise for THE LITTLE BOOK OF ECONOMICS

"Finally, an economics book that is neither dull nor inscrutable and that won't put you to sleep. Greg Ip gives us a lucid and entertaining understanding of 'the dismal science' and reveals how economic concepts and institutions affect our daily lives. This little gem can turn all of us into sophisticated and educated citizens."
—Burton G. Malkiel, Professor of Economics, Princeton University; author of A Random Walk Down Wall Street and The Elements of Investing

"Greg Ip is one of the world's best economic journalists. The Little Book of Economics will teach you much more than a little about the forces that shape all of our lives."
—N. Gregory Mankiw, Professor of Economics, Harvard University; author of Principles of Economics

"Here's the perfect way to understand the economy without breaking a sweat. Clearly written and easy to understand, The Little Book of Economics guides you through what you need to know. Ip's bright light illuminates places previously darkened by insider jargon and arcane formulae."
—Robert B. Reich, Professor of Public Policy, University of California, Berkeley; former U.S. Secretary of Labor

Table of Contents

Foreword

Introduction

The Secrets of Success

How People, Capital, and Ideas 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 Pains

Employment, Unemployment, and Wages

Fire and Ice

Warning: Inflation and Deflation Are Toxic to Your Economic Health

Drop the Puck!

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

Table of Contents provided by Publisher. All Rights Reserved.