The 21st Century Economy–A Beginner’s Guide
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- ISBN13: 9780307387905
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
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 … More >> The 21st Century Economy–A Beginner’s Guide
March 15th, 2010 at 9:26 pm
This book is perfect for anyone interested in learning economic terms widely used in today’s economy. I enjoyed how easy it explained terms with facts, real-life examples to get to you to understand the picture. I would recommend it to anyone who wants to know more how this economy affects all of us. I definitely feel more knowledgeable and interested to be more involved in my investments, community, and having opinions that affect us as citizens of the world. Rating: 5 / 5
March 15th, 2010 at 10:53 pm
Years ago Randy Charles Epping wrote “The Beginner’s Guide to the World Economy.” It was a book that I absorbed eagerly, due to its clearly stated explanation of a topic I assumed would be difficult to understand. But it was a joy to read. I felt empowered by the knowledge it communicated.
Mr Epping has done it again with his new book “The 21st-Century Economy.” The readability of this 2009 publication strikes a nice balance between its wonderfully understandable prose content and the way it is visually organized.
I like the Informational Tools interspersed throughout. Quite helpful stepping stones that kept me on track.
The 74-page Glossary is another plus. Rating: 5 / 5
March 16th, 2010 at 1:53 am
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 Rating: 5 / 5
March 16th, 2010 at 2:38 am
//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 Rating: 4 / 5
March 16th, 2010 at 4:39 am
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 Rating: 5 / 5