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

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Simon and Schuster, May 5, 1998 - Business & Economics - 240 pages
2 Reviews
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.

 

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User Review  - qebo - LibraryThing

This book is what it claims to be: an introduction to economics. How does capitalism differ from traditional economic systems? What have prominent economists (Smith, Marx, Keynes) of the past ... Read full review

LibraryThing Review

User Review  - gmicksmith - LibraryThing

The authors touch on the three main economic thinkers in history--Adam Smith, Karl Marx, and John Maynard Keynes. However, the intent of the work is to make economics accessible for the layperson and ... Read full review

Contents

Where Do We Come From?
11
Two Three Great Economists
26
Three A BirdsEye View of the Economy
44
Four The Trend of Things
55
MacroeconomicsThe Analysis of Prosperity and Recession
69
MicroeconomicsThe Anatomy of the Market System
141
Fifteen The Specter of Inflation
177
Sixteen The Inequality Problem
186
Seventeen Globalization
195
Eighteen National Policy in a Globalized World
204
Nineteen The Unfinished Revolution
217
Index
229
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About the author (1998)

Robert Heilbroner is the Norman Thomas Professor of Economics, Emeritus, at The New School for Social Research. He is the author of over twenty books, among them The Worldly Philosophers. He lives in New York City.

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