Free Lunch: Easy-to-Digest Economics: Easy-to-Digest Economics

Author: David Smith
Publisher:
Publish Date: 2004-04-01
Features: There's no free lunch in the world. Economics is the study of people in "daily business life." The principles of economics can be summarized in four words: "People respond to incentives." Why do house prices rise? Why does the stock market fall? How do rising interest rates affect us? Why? What is deflation? Is it worse than inflation? Are budget deficits crucial? Why do some countries seem destined to remain in poverty forever? The Free Lunch is a guide to learning economics, like a feast where friends gather together, guiding you, nourishing you, and enlightening you. Among your guides are the immortal names in the field of economics—Smith, Ricardo, Marx, Keynes. Without complex mathematical formulas or tedious charts, this book allows you to easily understand the essence of economics in your free time, savoring the feast of these great economists from Adam #8226; Smith to Keynes, and understanding the economics of life: Why do house prices rise, and why does the stock market fall? How do rising interest rates affect our lives? What is deflation, and is it more terrifying than inflation? This book also includes an economics glossary and a guide to reading materials in economics.
Target Audience: Ordinary people who want to apply economics in their daily lives, as well as teachers and students who want to enjoy a sweet dessert after a hearty meal of economics.