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50 Economics Ideas You Really Need to Know (50 Ideas You Really Need to Know series) (English Edition) [Kindle Edition]

Edmund Conway
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What exactly is a credit crunch? Why do footballers earn so much more than the rest of us? Which country is likely to be the world's leading economy in 10 years' time? And how does economics affect each one of us, every day?
In the seventh volume of the successful 50 Ideas series, Daily Telegraph economics editor Edmund Conway introduces and explains the central ideas of economics in a series of 50 clear and concise essays. Beginning with an exploration of the basic theories, such as Adam Smith's 'invisible hand', and concluding with the latest research into the links between wealth and happiness, he sheds light on all the essential topics needed to understand booms and busts, bulls and bears, and the way the world really works.
Packed with real-life examples and quotations from key thinkers, 50 Economics Ideas provides a fascinating overview of how economics influences every aspect of our lives, from buying a house to what we had for breakfast this morning.

Über den Autor und weitere Mitwirkende

Edmund Conway is economics editor of the Sky News. He was Media Leader at the World Economics Forum in Davos, 2008, and makes frequent TV and radio appearances. He lives in London.


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3 von 4 Kunden fanden die folgende Rezension hilfreich
4.0 von 5 Sternen Guter Überblick (in Englisch) 22. Dezember 2010
Format:Gebundene Ausgabe
"50 Economic Ideas..." ist ein guter Überblick über 50 Prinzipien aus der Volkswirtschaft die man schlicht kennen sollte. Wer sich bis lang mit dem Thema noch gar nicht auseinander gesetzt hat und der englischen Sprache mächtig ist, bekommt einen leicht verständlichen, teils bissig bis lustig geschriebenen und optisch interessanten Überblick über das Thema. Die Sprache ist auch für den Deutschen flüssig, flott und einfach.
Das Buch umfasst dabei quasi den kompletten Themenkomplex der VWL angefangen vom Konzept der "unsichtbaren Hand" über Märkte bis hin zu Keynesianismus oder dem Kommunismus. Einziges Manko mag der manchmal leicht britische Blick auf das Thema sein, als erster Überblick dennoch sehr brauchbar, da alle Themen auf in der Regel 2-3 Seiten abgehandelt werden. Für wen ist das Buch nicht geeignet? Für VWL Studenten oder tägliche Leser des Wirtschaftsteils. Beide Gruppen sollten mit den Grundbegriffen schon längst mehr als vertraut sein.
War diese Rezension für Sie hilfreich?
Von tomcla
Format:Kindle Edition|Verifizierter Kauf
I chose the book as a refresher on economics and to get an impetus on certain subjects I would like to dig deeper.
The book provided just what I had been looking for and all of this in an easy style that makes it fun to pick it up as a bed time reading. Some subjects though we're covered a little too superficially and left too many questions.
I would recommend that book to everyone who would like to get a first overview on economics in general.
War diese Rezension für Sie hilfreich?
Die hilfreichsten Kundenrezensionen auf (beta) 4.6 von 5 Sternen  16 Rezensionen
16 von 16 Kunden fanden die folgende Rezension hilfreich
5.0 von 5 Sternen A wonderful guide for beginners and professionals alike. 11. September 2009
Von David Rawlins - Veröffentlicht auf
Format:Gebundene Ausgabe
This is a fantastic read and superb addition to the 50 ideas series by Quercus. Edmund Conway does a masterful job in articulating some of the more complex and confusing subjects in a clear and concise manner. Far too often I find economists flatter to deceive with complex explanations that send the reader on a merry go round of associations and links, such that they finish up more confused than when they started. This book does a wonderful job of taking the reader through core economics principals with a healthy balance of anecdotes, quotations from key thinkers and in some cases amusing anecdotes. I have been a professional in finance for almost 10years, and whilst the book is certainly aimed at those with less experience, I still found it highly informative and thought-provoking.
7 von 8 Kunden fanden die folgende Rezension hilfreich
5.0 von 5 Sternen Should be required in all 1st year Economics courses 15. Dezember 2010
Von SteveJDownUnder - Veröffentlicht auf
Format:Gebundene Ausgabe
An excellent book for learning and/or reviewing many of the most important economics concepts.
My Economics 1A textbook was written by Paul Samuelson (I got it used for $6.40 at a California college bookstore around 1967 - look it up to see the price today and this will be a lesson in basic economics!).
I found what Paul Samuelson said in the preface to his "Economics" book on page vi to be also very true for "50 economics ideas you really need to know":

"... students found, they say, some deeper meanings on each rereading. Every economic principle does have different layers of significance: in the lines, between the lines, in footnotes, in smaller print, and in appendixes I have salted carefully planned insights."

I have had virtual "conversations" with the author as can be seen from my multiple rereads showing all of the underlining, yellow highlighter, and comments written in the book.
This book sits on my bookshelf next to:
1. "Economics" by Paul Samuelson
2. "ON The Wealth of Nations" by P.J. O'Rourke (also audiobook)
3. "The Intelligent Investor" by Benjamin Graham

To understand more deeply how life works in the "real" (non-theoretical) world, this book has been written with a discipline I have rarely encountered. If this is the only economics book you every read, you will find that Edmund Conway has "salted carefully planned insights" which provide the essence of economics.
2 von 2 Kunden fanden die folgende Rezension hilfreich
5.0 von 5 Sternen Economics 101 29. September 2012
Von Ilya Grigorik - Veröffentlicht auf
Quick and approachable overview of the many core ideas in modern economics. Edmund Conway assumes no prior knowledge of economics and did a great job of introducing the history and implications of each idea. Having said that, the books biggest strength, and simultaenously its weakness is that it intentionally introduces each idea in isolation - this makes for easy reading, but at times makes you wonder how some of these ideas work together (if at all). All in all, great read, especially if you're looking for a quick and an approachable entry to the field.
3 von 4 Kunden fanden die folgende Rezension hilfreich
4.0 von 5 Sternen A good, balanced presentation, but a bit scattered 5. Juli 2010
Von Ace - Veröffentlicht auf
Format:Gebundene Ausgabe
This is a good explanation of basic ideas in economics. It is balanced without leaning too far to either the left or right, which can be a problem with other introductions to economics because the the authors often have an ideological ax to grind.

The one downside is that the format lends itself to presenting ideas in isolation. The author does reference other sections, but the reader does not get a narrative that holds everything together.
4.0 von 5 Sternen An importat reference for anyone interested in a quick study of how modern economies function. 29. März 2015
Von Waldiski - Veröffentlicht auf
Format:Gebundene Ausgabe
The author presents a concise explanation of how modern economies work, all encapsulated into 50 easy-to-read and engaging chapters or “economic ideas” covering essential economic concepts.

Underpinning each chapter, there is a useful but brief discussion of the origin of economic ideas and their contribution to the foundation of economic science. Each chapter has a time line giving the dates when these ideas –as well as some important economic events– took place. The narrative is enhanced by quotes from notorious economic philosophers, business leaders, and politicians (e.g., Adam Smith, Thomas Malthus, David Ricardo, Carl Menger, Alfred Marshall, John Maynard Keynes, Milton Friedman, Franklin D. Roosevelt, Hyman Minski, Warren Buffett, Ronald Reagan, and many others). Each chapter ends with a “condensed idea” or a one-sentence lesson to keep in mind.

Chapters 1-7 serve as a basic introduction to microeconomics (e.g., demand and supply, opportunity cost, the role of incentives, etc.). In chapters 8-14, Conway offers a simple but clear description of the various economic systems to organize and manage an economy, such as Capitalism, Keynesianism, Communism, Monetarism, and Supply-side economics.

The book, however, devotes far more space to macroeconomic principles. Chapters 15-26 focus on the essence of macroeconomics, such as gross domestic product (GDP) and its determinants, money and banking, inflation, unemployment, business cycles, taxation, government debt, and foreign exchange rates. Nonetheless, the explanation of GDP spending components (consumption, investment, government, exports, and imports) and their impact on the economy is scanty. Some elaboration would have helped the reader understand how changes on these components affect aggregate economic activity and spawn business cycles.

Chapters 27-35 are enlightening because they review key financial instruments (e.g., hedge funds, short selling, derivatives, futures trading, economic bubbles, etc.) found in today’s lexicon.

In chapters 36-43, the author surveys current economic issues affecting the contemporary world (e.g., government deficits, income inequality, globalization, technological revolution, etc.). The last six chapters give the reader a taste of distinct branches of economics concerned with environmental issues, human behavior, and criminal activities.

The book is gratifying to read, devoid of graphs and mathematics, and it can serve as an important reference for students, politicians, teachers and anyone else interested in an overview of how economists view the world and the important role of economics in our daily lives.
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