The Little Book of Economics

The Little Book of Economics

Audio CD

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Overview

After the global financial panic and recession of 2007-2009, you don't have to be president or a hedge fund manager to know that “It's the economy, stupid.” Yet while the economy dominates the headlines, how it works and who influences it remain a mystery to most people. In The Little Book of Economics, Greg Ip, an award-winning journalist renowned for making complex economics easy to understand, walks you through how the economy really works. You'll learn:
• How psychology and the Federal Reserve drive business cycles
• How a financial crisis can transform a recession into a depression
• The surprising effects of fertility rates, lawyers, and ideas on economic growth
• Whether the United States faces a lost decade like Japan did in the 1990s
• The causes of inflation, how it destabilizes society, and why deflation is even worse
• How government debt can sometimes help end a recession but, other times, bring on disaster-and how to tell the difference
• The symptoms of financial crises and why they often occur in election years
• What goes on inside the Federal Reserve, what it does when interest rates are zero, and why its power to print money has made it the world's financial fireman

You can't understand the American economy without recognizing the growing influence of the rest of the world. So The Little Book of Economics digs into globalization, how it made America's mortgage crisis possible, how it's exploited by China to spur growth, and how it makes the United States richer even as it widens the gap between winners and losers.

One side effect of the deepest economic downturn since the Great Depression is that it has ignited a fresh desire among citizens and investors to better understand the economy. The Little Book of Economics is an accessible, engaging, and entertaining guide to all of the wonderful and wicked ways in which the economy functions and what it all means to you.

Product Details

ISBN-13: 9781596595248
Publisher: Tantor Media, Inc.
Publication date: 12/14/2010
Product dimensions: 5.80(w) x 5.20(h) x 0.80(d)

About the Author

Greg Ip is the U.S. Economics Editor for The Economist. He covers the economy, financial markets, monetary, fiscal and regulatory policy and contributes to The Economist's blog, Free Exchange. Ip is a veritable brand in economics journalism. From 1996 to 2008 he reported for The Wall St. Journal and became one of the Journal's most respected and recognized reporters. His byline appeared on the front page more than any other reporter's.

After 20 years, he is now one of the country's leading economics journalists, writing about the economy, the budget, the Federal Reserve, and politics from Washington. He has earned the respect of top economic policy makers and gained a reputation for making complex issues understandable to the ordinary reader. He regularly discusses economic issues on television and radio, from CNN and MSNBC to the Newshour with Jim Lehrer, and on National Public Radio. Ip is the recipient of numerous awards including Business Journalist of the Year award from the World Leadership Forum, William Brewster Styles Award in business and economics writing, and was a part of the 2002 WSJ team to receive the Pulitzer Prize for breaking news reporting.

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