Economics

Economics

The User's Guide

Book - 2014
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In his bestselling 23 Things They Don't Tell You About Capitalism , Cambridge economist Ha-Joon Chang brilliantly debunked many of the predominant myths of neoclassical economics. Now, in an entertaining and accessible primer, he explains how the global economy actually works-in real-world terms. Writing with irreverent wit, a deep knowledge of history, and a disregard for conventional economic pieties, Chang offers insights that will never be found in the textbooks.

Unlike many economists, who present only one view of their discipline, Chang introduces a wide range of economic theories, from classical to Keynesian, revealing how each has its strengths and weaknesses, and why there is no one way to explain economic behavior. Instead, by ignoring the received wisdom and exposing the myriad forces that shape our financial world, Chang gives us the tools we need to understand our increasingly global and interconnected world often driven by economics. From the future of the Euro, inequality in China, or the condition of the American manufacturing industry here in the United States- Economics: The User's Guide is a concise and expertly crafted guide to economic fundamentals that offers a clear and accurate picture of the global economy and how and why it affects our daily lives.

Publisher: New York : Bloomsbury Press, 2014.
ISBN: 9781620408124
Branch Call Number: 330 C362e
Characteristics: 365 pages

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augsburgerin
Feb 06, 2016

Chang wants to get people interested in economics since it influences our lives whether we are aware of it or not. Not sure if the book reaches that goal but it is an informative and well written introduction to economics.

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StarGladiator
Mar 07, 2015

I like Prof. Chang, I really do. But some economists simply don't understand economics because they know little of finance, although they may write extensively of it. Prof. Chang writes about credit derivatives and swaps [and pointedly on credit default swap] without even remotely explaining what they are to the reader, only repeating the brochure definition - - doesn't make it! Prof. Chang states that neoliberalism succeeded in Chile [although he does kinda qualify it as at a human cost - - the kidnapping, torture and horrific killing of over 30,000 Chileans, with the end frequently flying them out 50 miles to sea to shark-infested waters and dropping them in the ocean!] - - but I know of many Chileans who would strongly disagree with the professor. Confusing book as compared to what it could have been! [This book reminds me of Bernanke's highschoolish paper on the Great Depression, leaving out the illegal monies washed through the NYSE from Prohibition and the securitization of stocks. Et cetera.]

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