In its fourth edition, Economics Explained continues its announced purpose—to explain that mysterious thing called economics—with a new urgency.
It is announced in the first sentence of the introduction: "Just in case the reader-to-be hasn't noticed, disturbing things are going on in the American economy these days."
This new edition is about these disturbing things: a trend toward inequality of incomes, the appearance of a new "globalized" capitalism, the "specter" of inflation. As before, Robert Heilbroner and Lester Thurow treat these problems in language that seeks to make clear their causes and treatments. In this straightforward, highly accessible reference, Heilbroner and Thurow -- two of America's most respected and articulate economists -- offer all the economics essential for becoming an effective investor, a savvy business decision maker, or simply an informed member of society.
In its fourth edition, Economics Explained continues its announced purpose—to explain that mysterious thing called economics—with a new urgency.
It is announced in the first sentence of the introduction: "Just in case the reader-to-be hasn't noticed, disturbing things are going on in the American economy these days."
This new edition is about these disturbing things: a trend toward inequality of incomes, the appearance of a new "globalized" capitalism, the "specter" of inflation. As before, Robert Heilbroner and Lester Thurow treat these problems in language that seeks to make clear their causes and treatments. In this straightforward, highly accessible reference, Heilbroner and Thurow -- two of America's most respected and articulate economists -- offer all the economics essential for becoming an effective investor, a savvy business decision maker, or simply an informed member of society.
Introduction
I The Economic Background
One Capitalism: Where Do We Come From?
Two Three Great Economists
Three A Bird's-Eye View of the Economy
Four The Trend of Things
II Macroeconomics -- The Analysis of Prosperity and
Recession
Five The GDP
Six Saving and Investing
Seven Passive Consumption, Active Investment
Eight The Economics of the Public Sector
Nine The Debate About Government
Ten What Money Is
Eleven How Money Works
III Microeconomics -- The Anatomy of the Market System
Twelve How Markets Work
Thirteen Where Markets Fail
Fourteen The Two Worlds of Business
IV Problems
Fifteen The Specter of Inflation
Sixteen The Inequality Problem
Seventeen Globalization
Eighteen National Policy in a Globalized World
Nineteen The Unfinished Revolution
Index
Robert L. Heilbroner was an American economist and historian of
economic thought. The author of some 20 books, Heilbroner was best
known for The Worldly Philosophers: The Lives, Times and Ideas of
the Great Economic Thinkers, a survey of the lives and
contributions of famous economists, notably Adam Smith, Karl Marx,
and John Maynard Keynes.
Lester Carl Thurow was a political economist, former dean of the
MIT Sloan School of Management, and author of books on economic
topics.
The Boston Globe An excellent course in the history of capitalism
and socialism, of growth, progress, and decline.
Ms. At last, a patient but not condescending, detailed but not
recondite, conversational but not glib discussion of the factors
and terms that any reader of the daily newspaper needs to
understand.
Robert B. Reich, former Secretary of Labor and author of Locked in
the Cabinet In this delightfully written primer, Heilbroner and
Thurow sweep away the debris of economic theory to expose the
political and social choices lying just below it.
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