The 21st Century Economy–A Beginner’s Guide (Vintage)
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The 21st Century Economy–A Beginner’s Guide (Vintage)
- ISBN13: 9780307387905
- Condition: New
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A comprehensive guide to understanding today’s global economy from the author of the bestselling A Beginner’s Guide to the World Economy.
While reporting on today’s world, business and mainstream media alike use terms and mention trends that even the savviest consumer may find baffling. In his latest book, Randy Charles Epping uses compelling narratives and insightful analogies to clearly and concisely explain the rapidly changing way business is done in the twenty-first century, without
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(out of 7 reviews)
List Price: $ 14.95
Price: $ 8.75
September 8th, 2010 at 3:38 pm
Review by Shawn Engelberg for The 21st Century Economy–A Beginner’s Guide (Vintage)
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The 21st Century Economy – A Beginners Guide is fantastic; since reading it, I feel like I can be an informed and active participant in today’s politics and current events.
I am a housewife in Oregon but I want to understand what I am hearing in the news, I want to engage in the discussion and be an informed voter. This book helped me with all those things.
Epping describes economic terms in a comfortable and understandable way. He uses real world examples that I can relate with. His topics are exactly in-line with the top stories in the news. His concise explanations help me understand the current economic problems and proposed solutions. Even reading the newspaper, if I come to a term I don’t understand, I just open the glossary in the back of the book and get a quick and understandable definition… no wading through dozens of confusing web searches.
This book is outstanding and necessary. I think every American, from school kids to adults, should read it.
September 8th, 2010 at 4:11 pm
Review by Norman Goldman for The 21st Century Economy–A Beginner’s Guide (Vintage)
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If you have never taken a course in elementary economics or even if you have and you want to refresh your memory, Randy Charles Epping’s The 21ST-Century Economy: A Beginner’s Guide is just the right prescription.
With all that is going on today in the world economy, it is indispensable for all of us to have some understanding of the nuts and bolts of economics and its principles. Just as every other discipline has its unique language, so does economics and as Epping mentions in his introduction, “never before has it been so important for us to become economically literate.”
In the same way Epping remembers his first professor of economics, I likewise remember mine, where both of our professors believed that any question concerning economics must be explained with complicated graphs or formulae. There didn’t seem to be a question that could be answered with a simple yes or no. As in the case of Epping, most of the time I was confused and in deed turned off. Was this the only way to teach and understand economics?
The objective of The 21ST-Century Economy: A Beginner’s Guide is to provide its readers with a friendly approach to the understanding of the 21st-century economy and it is here where the book brilliantly succeeds. Its target audience is consumers, voters, businesspeople, and students who will be able to survive, and thrive, in the new global marketplace.
To realize its goals, Epping succinctly covers everything you need to know concerning such topics as fusion economy, macro and micro economics, central banks and global crisis, free trade and isolationism, how currencies work, globalization, virtual economy, investing in the global economy, comparing investments in the 21st-century economy, who controls companies of the world, corporate governance and greed, hedge funds and derivative traders, income gaps and development, drugs, slavery, and shady deals, best economic system for the 21st century, outsourcing and immigration, green economy, and health, development and global pandemics.
Each of the above sections includes explanations or informational tools that aids readers in comprehending fundamental concepts. For example, if we refer to the chapter dealing with free trade or isolationism, the informational tools explain what are subsidies, tariffs, and quotas. What is quite noteworthy is that Epping defines economic terms in relation to something readers can readily relate to. In the case of the term “subsidy,” we are told to “think of a child receiving an allowance from his or her parents. Subsidies are government payments to businesses, ostensibly to help them through economic hard times.” After explaining what these terms mean, Epping follows up with a more comprehensive explanation of trade barriers, which are compared to fences between feuding neighbours that are often imposed unilaterally by one country acting on its own to limit imports.
The end of the book contains a very comprehensive glossary providing readers with an excellent overview and an accessible dictionary of economic terms.
No doubt, The 21ST-Century Economy: A Beginner’s Guide will contribute immensely to helping people understand the importance of economics and its fundamental principles. Moreover, it could turn out to be exactly what readers are looking for, or what they need in order to be able to make sense of the daily bombardment we receive concerning the economy.
Norm Goldman, Publisher & Editor Bookpleasures
September 8th, 2010 at 4:57 pm
Review by Mariusz Skonieczny for The 21st Century Economy–A Beginner’s Guide (Vintage)
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There is no question the economy is one of the topics at our dinner tables these days. But the media can confuse even the most knowledgeable people by making the subject overly complicated. What I like about this book is its simplicity. It does not contain any supply and demand graphs, or mathematical equations with Greek letters. It is simply, easy to understand, and it helps readers understand the economy so that they can understand the news.
The author says all the economies around the world are interconnected. A plunge in the stock market in the United States has negative effects on financial markets all over the world. If you are confused about how our country found itself in the current economic mess, how the world currencies affect our lives, what the virtual economy is, and how to invest now, then this book will be helpful.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
September 8th, 2010 at 5:12 pm
Review by Sacramento Book Review for The 21st Century Economy–A Beginner’s Guide (Vintage)
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//The 21st Century Economy// is a fascinating and informative read. Author and acclaimed economist Randy Charles Epping certainly does a thorough job at defining many of the more complex elements used to compute economies as a whole. Epping very much succeeds in this regard, as he helps make understandable some otherwise very confusing topics! After nearly any new tool is mentioned, Epping devotes a half-page or so to explaining what the tool or concept is, why it is used, and what we can learn from it.
Epping does an excellent job of making the somewhat maligned study of economics somehow seem quite understandable, even logical (which is a great feat, indeed!). The only caveat here, is that he needs to simplify concepts, and a few simplifications can be interpreted in various ways, particularly in the rapidly changing world economy. For example, the theory of climate change and global warming isn’t as clear in the minds of all, as it may have been a year ago.
I very much appreciated Epping’s breakdowns of various economic readings and forecasters, including “purchasing price parity” and the Consumer Price Index, and his explanations of why each one has its specific place in helping us to read the economy. May more economics teachers use Mr. Eppings example, and make economics fun, fascinating and accessible to all!
Reviewed by Susie Kopecky
September 8th, 2010 at 6:06 pm
Review by Karri Peterson for The 21st Century Economy–A Beginner’s Guide (Vintage)
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While this book includes many of the terms that other economics books do to explain the economy, I found that its emphasis on the UN, anti-US and socialism completely stilted and and symptomatic of progressivistic ideologic influences. There are many other resources out there that should be read along side it to make it far less political–or at least to balance it out. While people can learn basic terms and information about economy, it does not encourage them adequately as stepping in as business owners into the economy, but instead touts the muted success of UN millinium goals and other policies which I deeply question–a UN which as of this writing may be said to be at least as corrupt as any national government out there.
It accepts the science of global warming which has been deeply criticized as unsound, and touts leaving local values behind for the sake of globalism that is part of a new world order: a world order that accepts without question the imposition of the UN and a European socialism that know no bounds or limitations in NOT vetting participants or imposing international rule on local communities. It hypes government regulation in the US that is sighted by many as currently throttling US productivity, but then in its epilogue calls US citizens fat and the problem, sidestepping the scale and scope of other forces that engender poverty internationally.
There are so many things that it pushes and does not question, that I strongly DO NOT recommend it as a first time economics book. Clearly, if you don’t have time to ferret out the slant, look elsewhere. This book should not be the basis of your understanding of economics: remain critical and keep searching for other sources and include in your repetoire many other resources. While it has a lot of business and economic terms, I feel it is in part propaganda.