Economics in Life

Author: Mao Yushi
Publisher:
Publish Date: 2004-08-01
Features: The Economics of Life was first published in 1998 and is a highly acclaimed popular economics book. Professor Mao Yushi once said, "I have a principle in my research: no matter how profound the theory is, if you understand it thoroughly, it can definitely be reduced to phenomena in daily life." Under this "principle," Professor Mao wrote A Casual Look at the U.S. Market during his time as a visiting scholar at Harvard University, turning it into an economic in a "household-style" manner. By describing everyday and linking them to the operation norms of the market economy, he reveals his personal insights, offering enlightenment. The book contains 44 topics, each, and the author uses experiences that everyone might have to explain fundamental theories such as national economic accounting, aggregate equilibrium, inflation, price and resource allocation, external effects, and international trade. It particularly focuses on discussing economic systems and transaction costs, paying attention to introducing the cultural, legal, and moral background of the market economy, which are the foundations for the observance of market rules. It guides readers to think, analyze, and extract the essence, allowing them to appreciate the economics they can master. For busy readers, even a brief moment of leisure is enough to read one or two chapters, and further reflection and analysis will surely yield gains, making your "knowledge life" more complete.