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The Common Sense behind Basic Economics

A Guide for Budding Economists, Students, and Voters

The Common Sense behind Basic Economics cover

The Common Sense behind Basic Economics

A Guide for Budding Economists, Students, and Voters

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Description

Although it may sometimes seem like studying trigonometry in Latin, basic economics really is just plain common sense. But, it’s become so complicated in its presentation that very few are able to learn the basics. Whether academics, researchers, pundits, or legislators, few seem to have the skills to present economic topics in easy-to-understand language, or they simply don’t know very much themselves.
With such misinformation being strewn about, it’s easy to see why the average citizen, first-year economics student, young professional, or even elected official becomes so easily confused. The truth, however, is that basic economics is actually quite simple and even more commonsensical . . . and it should be explained that way. It rarely is, however, and that’s why I’ve written this book: to explain the basics of the basics in simple and easy-to-understand language that isn’t drier than the Atacama Desert, without the charts, graphs, and formulas typically found in text books. Adding in an occasional dash of humor and politics, this book is intended to be a fun, Cliff’s Notes-style supplement to the typical basic econ textbook, but can also be used as a standalone introduction. Topics include most of the themes presented in an Econ 101 course, as well as a number of end-of-chapter discussions on the policies relevant to economics today.

Table of Contents

Foreword
Introduction
Chapter 1Why is Economics So Difficult?
Chapter 2History Can Be Confusing
Chapter 3How We Make Economics Difficult
Chapter 4Man, That Ain’t True
Chapter 5Common Sense Economics Defined
Chapter 6Economies Come in All Shapes and Sizes
Chapter 7Supply, Demand, and Tighty-Whiteys
Chapter 8Where’d That Price Come From?
Chapter 9Do Markets Fail?
Chapter 10Entrepreneurship and Profits
Chapter 11The Business Cycle
Chapter 12Inflation: One Sneaky Sucker
Chapter 13Jobs
Chapter 14The Greatest Economy Ever (Seriously, Ever)
Chapter 15To Save or Not to Save, That is the Question
Chapter 16Uncle Sam’s VISA Balance
Chapter 17Do We Really Need Uncle Sam?
Chapter 18Dollars and Common Sense
Chapter 19The Global Economy
Chapter 20Current Issues in Economics
References
Guide to Further Reading
About the Author

Product details

Published Apr 11 2019
Format Paperback
Edition 1st
Extent 168
ISBN 9781498509022
Imprint Lexington Books
Dimensions 9 x 6 inches
Publisher Bloomsbury Publishing

About the contributors

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