Kurzbeschreibung
Very substantially revised edition of previously successful title that, with typical Economist style and clarity, provides expert analysis of different aspects of the modern economy. Aimed at those in business and professions and with a special paperback edition aimed at students, it includes sections on: 1- Globalisation - how and why it has gathered pace, and how its critics' views are understandable but often misguided2- The phoney recovery and America's imbalances - why the US's quick recovery from recession is mere respite, not escape, and how the country's appetite for debt is dangerous.3- China's rise - and what it presages for the world economy.4- Underachievers - analysis of the problems that previous economic giants such as Japan and Germany have run into trouble.5 - The arteries of capitalism - the financial markets, central banks and global capital6- Economic facts and fallacies, which spells out basic economic truths and exposes some economic canards.
Buchrückseite
Now in its third and radically revised edition, this highly readable, hugely popular guide to economics is aimed at everyone from students to statesmen who want to grasp how economic theory works in practice and make sense of the modern world.
Part one considers what economics is about. It starts with debates about basic economic ideas, then covers the sources of economic growth such as investments in equipment and in people's skills; the role of central banks and fiscal policy in managing the ups and downs of the economic cycle; and the insights that economics provides into a vast variety of things, ranging from credit card fees to prostitution.
Part two moves from the underlying theory to an overview of the world economy: the forces shaping the world economy, including the rise of emerging economies, global imbalances and the runaway world of finance; the recent "great" recession—why it happened, how it was dealt with, its effects, legacy, and the challenges before the global economy in the years ahead.
Part three puts the usefulness of economics under the spotlight. It looks at the criticisms of the "dismal science" by those who think it needs to change to regain its relevance, and also at the ways in which economics is changing through the use by economists of new tools and techniques—sometimes borrowed from other disciplines—to help them understand the way the world works today.
