Economics Explained: Everything You Need to Know about how the Economy Works and where It's GoingThoroughly revised and statistically updated, Economics Explained is an engaging primer that combines the wealth of information of a textbook with a readability rarely found in textbooks - in one interesting and informative volume. In this straightforward, highly accessible reference, Robert Heilbroner and Lester Thurow - two of America's most respected and articulate economists - illuminate the vital concerns, trends, and challenges of the marketplace: the threat of inflation, the unleashing of technology, the illusion of money, the thrust of big business, the cost of monopoly. Here is all the economics essential for becoming an effective investor, a savvy business decision maker, or simply an informed member of society. |
Contents
Where Do We Come From? | 11 |
Two Three Great Economists | 26 |
Three A BirdsEye View of the Economy | 44 |
Copyright | |
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abroad Adam Smith American amount answer assets AT&T big business bonds borrow business sector buyers capital capitalist cash chapter checks companies competition consumer consumer sovereignty consumption corporations costs currency debt demand deposits dollar earnings economic economists employment equipment expand expenditures exports factors of production factory fall families Federal Reserve finance firms foreign German government spending gross national product growth household important income increase industrial inflation inflationary investment Japan John Maynard Keynes Keynes kind labor Lester Thurow loan look market system Marx Marx's means money supply multinational nomics output payments percent plant political pollution poverty problem production profits public sector question regulation reserve ratios result rise savings sell Smith social society sumers supply-side supply-side economics taxes things transfer transfer payments trend United wages wealth workers