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Economics Third Edition: Making Sense of the Modern Economy
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  • Wiley

More About This Title Economics Third Edition: Making Sense of the Modern Economy

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An updated edition of the authoritative resource on the realities of the modern economy

People have always had an interest in how the economy works, and that interest has only been magnified as a result of the Great Recession. Economics, Third Edition: Making Sense of the Modern Economy takes complex concepts and makes them easy to understand, presenting the concepts in the context of today's economic environment.

Details the sources of economic growth, and the role of central banksExplains both macro and microeconomicsAnalyzes why the recession of 2008 happened and how it was dealt with, as well as its short- and long-term effects

Free of jargon and with few charts or tables to sort through and pore over, Economics, Third Edition helps everyone from students to statesmen quickly and easily grasp how the economy really works in the real world, and how it affects our daily lives.

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Saugato Datta is a specialist writer on economics for The Economist.
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Contributors vii

Introduction ix

PART 1 What economics is about 1

1 Debates about the basics 3

2 How economies grow 26

3 Macroeconomic management: fiscal and monetary policy 91

4 Microeconomics: the economics of everything 113

PART 2 The global economy 137

5 Before the storm: the forces at work 139

6 The global slump 160

7 Crisis-time economics 197

8 Recovery, repair and rebalancing 212

PART 3 Flaws and remedies: the future of economics 275

9 The failings of economics 277

10 An evolving field 300

11 Emerging economists 323

Index 332

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