The economics bible: the definitive guide to the science of wealth, money and world finance

Abstract

"The Economics Bible is an accessible, comprehensive and fully illustrated introduction to the models and mechanics that drive the world of money. The economic theories that have shaped nations for centuries and influence the way we live now become clear. From Keynesian models developed during the Depression to how inflation occurs and its effect on interest rates, The Economics Bible makes global finance easily understood. Subjects covered include: Macro-(market-driven) and micro-(citizen-driven) economics; Inflation (rising prices, wages, hyper-inflation); Recession (slow or negative economic growth); Economic forecasting (pundits' predictions, often wrong); How stock markets work (buying and selling, what is the index); Chicago School (free-market economic philosophy); Globalization (the growth of multinational corporations); Labor markets (wages, supply and demand); Adam Smith (the founder of economics); Sub-prime collapse (risky mortgages and sinking real estate values); Free trade (barrier-free intercountry transactions without barrier); The Euro (monetary unit of the European Union). Throughout the book are engaging text boxes, sidebars, quotations, maps and graphs, and other visual tools that help to support the text."--