[Reading] ➶ Economics: Making sense of the Modern Economy ➬ Simon Cox – Natus-physiotherapy.co.uk

Economics: Making sense of the Modern Economy Very Substantially Revised Edition Of Previously Successful Title That, With Typical Economist Style And Clarity, Provides Expert Analysis Of Different Aspects Of The Modern Economy Aimed At Those In Business And Professions And With A Special Paperback Edition Aimed At Students, It Includes Sections On Globalisation How And Why It Has Gathered Pace, And How Its Critics Views Are Understandable But Often Misguided The Phoney Recovery And America S Imbalances Why The US S Quick Recovery From Recession Is Mere Respite, Not Escape, And How The Country S Appetite For Debt Is Dangerous China S Rise And What It Presages For The World Economy Underachievers Analysis Of The Problems That Previous Economic Giants Such As Japan And Germany Have Run Into Trouble The Arteries Of Capitalism The Financial Markets, Central Banks And Global Capital Economic Facts And Fallacies, Which Spells Out Basic Economic Truths And Exposes Some Economic Canards


10 thoughts on “Economics: Making sense of the Modern Economy

  1. says:

    It is easy to be stunned by the manifest foresight that a book like this can showcase But the reader has to remember that in a magazine like The Economist, a number of contrasting ideas about the current world economy would always be sloshing around To later make a selective compilation of those articles that proved to be prophetic is an exercise in exclusion that is designed to present a false sense of confidence or analytical foresight Just because a collection of articles from a magazine It is easy to be stunned by the manifest foresight that a book like this can showcase But the reader has to remember that in a magazine like The Economist, a number of contrasting ideas about the current world economy would always be sloshing around To later make a selective compilation of those articles that proved to be prophetic is an exercise in exclusion that is designed to present a false sense of confidence or analytical foresight Just because a collection of articles from a magazine turned out to be quite close to the mark, there is no reason to believe that any random article you might pick up from this week s Economist will be of equal predictive value I have nothing against the magazine or the book I greatly enjoy the magazine and to amoderate extent liked the book as well But the blatantly triumphant endnotes trumpeting the date of each article and a further note on how the world actually played out was grating to say the least


  2. says:

    The book started off with a very defensive tone As opposed to stating its own opinions, it conveyed its message with point blank assault on globalization critics As it winds on however, the book proved its worth by making reasonably detailed, well informed analyses of the world economy It does require a bit of basic knowledge in finance, accounting and political history of the world, but it s largely written in layman terms More importantly, given the time this book was written, it provided The book started off with a very defensive tone As opposed to stating its own opinions, it conveyed its message with point blank assault on globalization critics As it winds on however, the book proved its worth by making reasonably detailed, well informed analyses of the world economy It does require a bit of basic knowledge in finance, accounting and political history of the world, but it s largely written in layman terms More importantly, given the time this book was written, it provided prophetic insights It explains why America s current account deficit is a problem, why the American recovery from the 2001 recession rings hollow, why asset bubbles should have been addressed by central banks, and what caused the failure of IMF and World Bank policies, especially in Third World countries Many of these assertions have gainedcredibility in the course of the current recession Admittedly, its defense of free trade and its environmental consequences conveniently neglected some fundamental issues, but overall the book is written with a fair mind The Economist, as it turns out, is not a conservative magazine after all It fitsin the camp of neoliberals, in America at least


  3. says:

    I don t so much read this book as refer to large sections of it periodically It s actually a collection of past articles about global economics from The Economist, my favorite magazine.The book does presume some knowledge, but I read it with NO background in economics and found it densely packed with great information With buzzwords like globalization and securitization or current account deficit flying around, it s nice to have a compact reference that helps make sense of things.That sa I don t so much read this book as refer to large sections of it periodically It s actually a collection of past articles about global economics from The Economist, my favorite magazine.The book does presume some knowledge, but I read it with NO background in economics and found it densely packed with great information With buzzwords like globalization and securitization or current account deficit flying around, it s nice to have a compact reference that helps make sense of things.That said, it comes with a heapin helpin of editorializing The magazine and book are unabashedly pro free market capitalism They arepragmatic than many boosters, however, which is very refreshing Still, I feel there are some glaring blind spots See Ha Joon Chang s book Bad Samaritans for examples


  4. says:

    Jolly good show from my favorite magazine Economics is an anthology of articles from The Economist written between 1998 and 2005 In succinct, crisp fashion, the articles cover the theory, function, and ramafications behind such things as current account balances, globalization, bonds, derivatives, central banks, emissions trading, asset price inflation, aid to developing countries, and labor Staunch economic liberals, the authors like their market regulation light and production privatized Jolly good show from my favorite magazine Economics is an anthology of articles from The Economist written between 1998 and 2005 In succinct, crisp fashion, the articles cover the theory, function, and ramafications behind such things as current account balances, globalization, bonds, derivatives, central banks, emissions trading, asset price inflation, aid to developing countries, and labor Staunch economic liberals, the authors like their market regulation light and production privatized But they are pragmatic enough to find virtue in less liberal points of view and admit when empirical evidence changes their minds on previously assumed positions A manifest green streak also runs throughout


  5. says:

    This is supposed to be an compliation of timeless articles from the Economist I will saw some of the articles were absolutely wonderful, but most of them were so so and a couple weren t much good at all It felt like reading all the articles in the bibliography of a book that has a lot of potential.


  6. says:

    This is a collection of Economist articles published around the time of the 2007 economic collapse It is interesting to look back and read how this event was covered I can t say that I learned any new insights.


  7. says:

    Excellent set of short essays from The Economist It was tough reading for me because I find such content extremely boring But, it was written in everyday English and easy enough to understand I particularly enjoyed being introduced to Peter Bauer s work.


  8. says:

    Informative