The Economics Book

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For example, even if people have studied economics they may have studied it at a time when a certain school of thought dominated without being able to see the implications that have arisen since that time (based on faulty assumptions or changing circumstances). More Hamburger icon An icon used to represent a menu that can be toggled by interacting with this icon.

The Economics Book: Big Ideas Simply Explained (Audio

Dorling Kindersley', 'DK', 'Eyewitness' and the open book logo are trade marks of Dorling Kindersley Limited. After having completed several introductory financial and classical economics courses, I came to realize that much of the material I had studied had a built-in presumption that the tenets should be taken at face-value. Web icon An illustration of a computer application window Wayback Machine Texts icon An illustration of an open book.Lee, “Common Sense Economics” answers beginners' pressing questions on the genre, from how an economy works to redistributing wealth.

The Economics Book by DK | Waterstones The Economics Book by DK | Waterstones

I was able to drill down and really learn the difference between the approaches of Keynes (more government involvement, to micro condense) and Friedman (free markets, to micro condense), with some historical context to boot. It was a good read, but I also think I shall have no problem using this as a reference book in the future.Sometimes the “soft science” of economics warrants a series of simple explanations that build as new concepts are presented. It has been generally felt to be the preserve of professionals in business, finance, and government.