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Dismal times and dismal economies call for a fresh and engaging introduction to the Dismal Science (aka, economics). What can economics tells us about our financial and investment futures? BIG Picture Economics is a read that will allow anyone to become an economist for the past, present, and future. Economist Joel Naroff takes readers through a crash course in economics - Dismal Science 101 - a homeschool course for those who want to not only understand...
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Economic Facts and Fallacies is designed for people who want to understand economic issues without getting bogged down in economic jargon, graphs, or political rhetoric. Writing in a lively manner that does not require any prior knowledge of economics, Thomas Sowell exposes some of the most popular fallacies about economic issues, including many that are widely disseminated in the media and by politicians: fallacies about urban problems, income differences,...
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Nudge is about choices-how we make them and how we can make better ones. Drawing on decades of research in the fields of behavioral science and economics, authors Richard H. Thaler and Cass R. Sunstein offer a new perspective on preventing the countless mistakes we make-ill-advised personal investments, consumption of unhealthy foods, neglect of our natural resources-and show us how sensible "choice architecture" can successfully nudge people toward...
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Muhammad Yunus, who created microcredit, invented social business, and earned a Nobel Peace Prize for his work in alleviating poverty, is one of today's most trenchant social critics. Now he declares it's time to admit that the capitalist engine is broken--that in its current form it inevitably leads to rampant inequality, massive unemployment, and environmental destruction. We need a new economic system that unleashes altruism as a creative force...
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"After two decades of brilliant research on American poverty, Kathryn Edin noticed something she hadn't seen since before -- households surviving on virtually no cash income. Edin teamed with Luke Shaefer, an expert on calculating incomes of the poor, to discover that the number of American families living on $2.00 per person, per day, has skyrocketed to 1.5 million American households, including about 3 million children. Through the book's many...
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Niall Ferguson follows the money to tell the human story behind the evolution of finance, from its origins in ancient Mesopotamia to the latest upheavals. To Christians, love of it is the root of all evil. To generals, it's the sinews of war. To revolutionaries, it's the chains of labor. But historian Ferguson shows that finance is in fact the foundation of human progress. What's more, he reveals financial history as the essential backstory behind...
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In celebration of the 10th anniversary of the landmark book Freakonomics comes this curated collection from the most readable economics blog in the universe. When Freakonomics was first published, the authors started a blog--and they've kept it up. The writing is more casual, more personal, even more outlandish than in their books. Now they've gone through and picked the best of the best. Here, they ask a host of typically off-center questions: Why...
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"More than four billion people-some 60 percent of humanity-live in debilitating poverty, on less than $5 per day. The standard narrative tells us this crisis is a natural phenomenon, having to do with climate, geography, and culture. It tells us all we have to do is give aid to help poor countries up the development ladder. If poor countries would only adopt the right institutions and economic policies, they could join the ranks of the rich world....
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"The next financial collapse will resemble nothing in history. Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a crossroads, pondering the death of the dollar." The international monetary system has collapsed three times in the past hundred years, in 1914, 1939, and 1971. Each collapse was followed by a period of tumult: war, civil unrest, or significant damage to the stability of the global...
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