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Economics Explained : Everything You Need to Know About How the Economy Works and Where It's Going - Robert L. Heilbroner

Economics Explained

Everything You Need to Know About How the Economy Works and Where It's Going

Paperback Published: 5th May 1998
ISBN: 9780684846415
Number Of Pages: 240

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In its fourth edition, "Economics Explained" continues its announced purpose -- to explain that mysterious thing called economics. But there is a new urgency to the book. It is announced in the first sentence of the introduction: "Just in case the reader-to-be hasn't noticed, disturbing things are going on in the American economy these days."

This new edition is about these disturbing things: a trend toward inequality of incomes, the appearance of a new "globalized" capitalism, the "specter" of inflation. As before, Robert Heilbroner and Lester Thurow treat these problems in language that seeks to make clear their causes and treatments. In this straightforward, highly accessible reference, Heilbroner and Thurow -- two of America's most respected and articulate economists -- offer all the economics essential for becoming an effective investor, a savvy business decision maker, or simply an informed member of society.

Industry Reviews

Robert B. Reich, former Secretary of Labor and author of Locked in the Cabinet In this delightfully written primer, Heilbroner and Thurow sweep away the debris of economic theory to expose the political and social choices lying just below it. Ms. At last, a patient but not condescending, detailed but not recondite, conversational but not glib discussion of the factors and terms that any reader of the daily newspaper needs to understand. The Boston Globe An excellent course in the history of capitalism and socialism, of growth, progress, and decline.

Introductionp. v
The Economic Backgroundp. 1
Capitalism Where Do We Come From?p. 3
Three Great Economistsp. 17
A Bird's-Eye View Of The Economyp. 34
The Trend of Thingsp. 45
Macroeconomics --The Analysis Of Prosperity And Recessionp. 61
The Gnpp. 63
Saving And Investingp. 71
Passive Consumption Active Investmentp. 80
The Economics Of The Public Sectorp. 89
The Debate About Governmentp. 99
What Money Isp. 108
How Money Worksp. 116
The Inflation Problem: Ip. 124
The Inflation Problem: IIp. 132
Fall Behind The Productivity Problemp. 145
Microeconomics --The Anatomy Of The Market Systemp. 155
How Markets Workp. 157
Where Markets Failp. 168
A Look at Big Businessp. 179
The Distribution Of Incomep. 190
The Rest Of The Worldp. 203
Defending The Dollarp. 205
The Multinational Corporationp. 220
Where Are We Headed?p. 230
Appendix: How the Banking System Worksp. 241
Indexp. 250
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780684846415
ISBN-10: 0684846411
Audience: General
Format: Paperback
Language: English
Number Of Pages: 240
Published: 5th May 1998
Publisher: Simon & Schuster
Country of Publication: US
Dimensions (cm): 21.4 x 14.0  x 1.5
Weight (kg): 0.2
Edition Number: 1

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