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Economics: The Remarkable Story of How the Economy Works

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Clueless about Economics? Fear no more! This little book will fill you in on the basics in no time. Get a new and powerful understanding of the world around you. Save yourself from the nonsense spouted by politicians, TV pundits, right-wingers, left-wingers, shamans, uncles, and best friends.


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Clueless about Economics? Fear no more! This little book will fill you in on the basics in no time. Get a new and powerful understanding of the world around you. Save yourself from the nonsense spouted by politicians, TV pundits, right-wingers, left-wingers, shamans, uncles, and best friends.

30 review for Economics: The Remarkable Story of How the Economy Works

  1. 5 out of 5

    Anil Swarup

    The book is simply brilliant.........simple and brilliant. Very rarely do you come across books that have such complex subjects articulated so lucidly so as to become comprehensible even to a layman. One may disagree with some of the absolute"Smithonian" conclusions and prescriptions as the jury is still out on the extent of state intervention. However, the fundamentals, explained through "relatable" examples makes for easy reading. A must read for all those who want to understand economics as al The book is simply brilliant.........simple and brilliant. Very rarely do you come across books that have such complex subjects articulated so lucidly so as to become comprehensible even to a layman. One may disagree with some of the absolute"Smithonian" conclusions and prescriptions as the jury is still out on the extent of state intervention. However, the fundamentals, explained through "relatable" examples makes for easy reading. A must read for all those who want to understand economics as also for those that have understood it.

  2. 4 out of 5

    Andrew Carr

    An enjoyable enough retelling of Economics-in-one-lesson (efficiency is the necessary goal, most interventions are unhelpful distortions). As such, it is an easy primer and I might introduce it to someone who is intimidated by the idea of even learning about economics. Even without adding more detail, I'd have liked a little more nuance about the value of efficiency and interaction between society and markets. The friction of life is too often overlooked, changing this to more a story of how an An enjoyable enough retelling of Economics-in-one-lesson (efficiency is the necessary goal, most interventions are unhelpful distortions). As such, it is an easy primer and I might introduce it to someone who is intimidated by the idea of even learning about economics. Even without adding more detail, I'd have liked a little more nuance about the value of efficiency and interaction between society and markets. The friction of life is too often overlooked, changing this to more a story of how an economy works in theory than in reality.

  3. 4 out of 5

    Alex Timberman

    Book is good at explaining the theory behind economics. However, the author seems to be pretty set on the greatness of the free market like many other economists related to the Chicago School. I too believe in the free market and free competition, but there seems to be plenty of instances where governments can play an essential role using tools outside of traditional economic models. I don’t think any progressive ideas on the economy are represented well in this book. Also, I felt like the autho Book is good at explaining the theory behind economics. However, the author seems to be pretty set on the greatness of the free market like many other economists related to the Chicago School. I too believe in the free market and free competition, but there seems to be plenty of instances where governments can play an essential role using tools outside of traditional economic models. I don’t think any progressive ideas on the economy are represented well in this book. Also, I felt like the author was talking down to the reader. My assumption is he believes the audience for the book is really clueless about the economy, and therefore stupid.

  4. 4 out of 5

    Tadhg

    This is an excellent book for those seeking an introduction to the subject of economics. Ben manages to explain all of the key economic terms which you'd read in a newspaper or be introduced to in a first year college class. The beauty of it all is that there is not one diagram or graph - this ensures that the book can appeal to economics newcomers without bogging you down with graphs and figures. As a teacher, this book would be ideal for anyone struggling to comprehend basic economic concepts.

  5. 5 out of 5

    Raghu

    I personally feel that every citizen must have a general idea about the way our economies function.This book gives you just that, it helps you to become an informed voter and consequently an ideal citizen.The author deserves praise for his style of writing,this book is entirely free of jargon and lucidly written, he transformed the boring activity of learning basic economics into fun and entertainment.

  6. 4 out of 5

    Anders Høeg Nissen

    Probably a bit simplistic, but this is nevertheless an insightful, educational and - dare I say it? - funny introduction to the basic concepts in economy. I really, really enjoyed it!

  7. 5 out of 5

    Parikshit Sohoni

    Short read to get a high level understanding of how the economy works. Technical jargon is virtually non existent in the book. Will surely help if you want to start becoming economically literate. Ps: Came across this awesome essay called "I pencil" while reading the book. The essay describes how even making an ordinary pencil requires mind boggling feats of co-operation and coordination by millions of people in the economy, not one of whom actually knows how to make a pencil. Most of them are n Short read to get a high level understanding of how the economy works. Technical jargon is virtually non existent in the book. Will surely help if you want to start becoming economically literate. Ps: Came across this awesome essay called "I pencil" while reading the book. The essay describes how even making an ordinary pencil requires mind boggling feats of co-operation and coordination by millions of people in the economy, not one of whom actually knows how to make a pencil. Most of them are not even aware that the are involved in making a pencil. Just google "I pencil essay" to read the essay.

  8. 4 out of 5

    Ashutosh

    Good to understand the basics of economics The explains the concepts in a manner that anyone could understand. It is a good book to start with if you are new to economics. Of course you will need to read other books too to get a deeper insight into the topics. Overall a good read.

  9. 5 out of 5

    Deepak Prathapani

    This book gives you a basic understanding of how economy works. It makes one a smart decision maker an informed voter and a responsible citizen. Or in Ben Mathew's own words, it leads to a super economy.

  10. 4 out of 5

    Akshay Bade

    Concise writing explaining ecosystem of economics. Very simply put together with backing of examples. Recommended for readers having no background of how economy works. At Some places examples seemed little lengthy and drifted out of track.

  11. 4 out of 5

    Ashwin Doke

    Ben explains serious Economical terms in simple language and with easy examples, one can understand. Starts with the simplest form and goes up to the role of central banks and governments in today's society. Helps understand the "why" behind the "what" our governments and Central Banks do

  12. 5 out of 5

    Harish Sankar

    My first book on economics, it introduces concepts in an interesting manner! Go for it if you want to learn the basics of economics!

  13. 5 out of 5

    animesh jain

    Simply brilliant teaches economics comparing with day to day and easily relatable examples.

  14. 4 out of 5

    Arul Murugan

    Veru useful Very good book to understand the basic of economy in a very simple language what is economic and how it is working

  15. 4 out of 5

    Madhur Ahuja

    Good short introduction to economics

  16. 4 out of 5

    Sanket Sonawane

    A small but an impactful book. A must read for budding economist. I found the concepts beautifully written and explained. Do read it. Regards, Sanket Sonawane

  17. 4 out of 5

    Venkatesan

    Good read It was a good book and covered almost all bases breifly. Helps to get quite a hang on basic economics

  18. 5 out of 5

    Jeevan Patnaik

    This is the first book I ever read, other than text books. I read it on Kindle Cloud Reader. It took less than 8 hrs for me to read it completely. I am an Indian and so usually little uncomfortable with American usage of words. But whatever the examples he mentioned in this book, he explained it very well and it is perfect for any amateurs of economics like me to understand the whole basic concepts of economics and as the book says, how it works. Not simply basics of economics, the book contains This is the first book I ever read, other than text books. I read it on Kindle Cloud Reader. It took less than 8 hrs for me to read it completely. I am an Indian and so usually little uncomfortable with American usage of words. But whatever the examples he mentioned in this book, he explained it very well and it is perfect for any amateurs of economics like me to understand the whole basic concepts of economics and as the book says, how it works. Not simply basics of economics, the book contains many things that every person should know to live his life without any financial worries. Ben Mathew's explanation in this book is very simple and clear. In the beginning, I thought he is more inclined towards US economy principles and his personal opinions, but no, he justified everything that he said. I am thankful to the author as this book motivated me to read more and more books as I have already mentioned that this is my first book I ever read. Thank you Ben!

  19. 5 out of 5

    Tawfik توفيق

    Although I didn't study or read about economics before, it was very easy to understand everything in this book. Ben introduces the basics of economy using simple terms and very clear examples. He also shows many scenarios of markets misregulation and suggests the best possible solutions. I don't know if other economists agree with his ideas, but according to this book, most of the finanicial problems that our societies face can be easily solved just by changing some laws. I would have rated it 5 Although I didn't study or read about economics before, it was very easy to understand everything in this book. Ben introduces the basics of economy using simple terms and very clear examples. He also shows many scenarios of markets misregulation and suggests the best possible solutions. I don't know if other economists agree with his ideas, but according to this book, most of the finanicial problems that our societies face can be easily solved just by changing some laws. I would have rated it 5 except that I found the examples long and repeated more than what's needed. Strongly recommend it when you want to enter the world of economics.

  20. 5 out of 5

    Cheree Moore

    This book provides a very simplistic view of how economies work and why capitalism and a free market continue to pass the test of time while socialism, though good in theory, has repeatedly failed in the countries where it has been implemented. The ideas are simple but powerful. I think Ben Mathews does a good job of simply explaining concepts like why economies thrive, the importance of needing incentives, and why government deficits aren't that great.

  21. 4 out of 5

    Nakul Prabhu

    Short and clear. Initial chapters had the concepts which I mostly knew. But the topics such as inflation and recession were always kind of fuzzy to me and I'm glad to have understood more about them, albeit only superficially. Got the answer to one question I always had.. why doesn't the central bank of any country print more and more money to solve the nation's deficit? The answer was in this book. I could have googled that one earlier but I had never done that.

  22. 4 out of 5

    Rakesh

    The bookk explains rudimentary principles of economy with very simple examples. Increases your understandinig of basic concepts and I found it very useful for explainig the same to my kid. If you are blank on whats fisical deficit and free market this is the book for you that demistifies the jargons in daily speak.

  23. 5 out of 5

    Ashutosh Vijay

    It's a good book for a novice like me. It explains the basic logic of economy in a very lucid and interesting way. The book covers a variety of beginners topic through simple example, which keeps reader engaged and interested. This is a really good book to start learning this subject, though author could have used more examples and increase the scope of the book.

  24. 5 out of 5

    Ananya Ghosh

    A short, simple book written in such lucid style that you can acclimatize with various economical jargon in no time. It is not the ultimate book on economics (the author doesn't claim it to be either) but definitely a great primer if you're new to this subject.

  25. 5 out of 5

    Kishore Mylavarapu

    Best intro book to start learning economics Really simple and easy to understand. Everyone should read this book and get a basic idea what economics is. I like books with less pages.

  26. 5 out of 5

    Mike

    Very cool book. Nice and short, a quick read and interesting explanations of how the economy works.

  27. 4 out of 5

    Hoang Anh Tran

    This book might be useful for me because I major in economics :)

  28. 5 out of 5

    Visweswaran Chidambaram

    Must read for beginners... Book is biased towards free market...but still a good read...

  29. 4 out of 5

    Sukanta Maikap

    A cute little book for economic illiterates like me!!! Describes the basics nicely with few ambiguity. Nice one time read.

  30. 5 out of 5

    Pavan Daxini

    Economics simplified.

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