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Written in the accessible, intelligent, jargon-free style for which The Economist is famous, this book is aimed at anyone - from students to presidents - who wants to make sense of the modern economy and grasp how economic theory works in practice.
The laws of economics do not change from week to week. If you have ever wondered why America`s trade deficit attracts so much fuss, why central bankers enjoy so much deference, whether stockbrokers earn their commissions, or why we cannot solve unemployment by sharing work out more evenly, the articles in this book provide answers based on economic principles of lasting relevance. The book is in four parts:
The case for globalisation: How it has gathered pace, and why its critics` views are understandable but often misguided ¢ The lopsided global economy: The phoney recovery - why America`s recovery from recession rings hollow; America`s imbalances - how the United States` appetite for debt is dangerous; China`s rise - and what it presages for the world economy ; The underachievers - an analysis of the problems that previous economic giants such as Germany and Japan have run into ¢ The arteries of capitalism: Finance - how the system works; Central banks - an analysis of the role they play; Global capital - an increasingly powerful force ¢ Worldly philosophy: The uses and abuses of economics - truths and fallacies
ISBN 9781861976062
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Pages : 338
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