The most important difference between economics and other sciences, however, is that the systems it examines are fluid. I wouldn't say it was for people doing an Economics degree, but more for those interested in it as a subject to understand.

The Economics Book: Big Ideas Simply Explained - Academia.edu The Economics Book: Big Ideas Simply Explained - Academia.edu

As I said, the advent of Wikipedia put an end to the popularity of encyclopedias, and I would take this book to the encyclopedias. A popular conception is that it is dry and academic, due to its reliance on statistics, graphs, and formulas. Wealth redistribution is the process of transferring income, property or assets from one group or class to another, usually on a large scale. If you want to pull back the curtain on London’s vast wealth and the secretive world of its mega-rich, then spend time with Serious Money: Walking Plutocratic London, by sociologist Caroline Knowles.Perhaps for the format of the book, this is normal, but reading it is not very convenient (and especially listening). McKinsey publicly apologized to the South African government several times, but the series of faux pas; links to the influential, corrupt South African Gupta family; and other illegal dealings rendered it mortally wounded in South Africa and left a stain on its global reputation. In addition to doling out pay and providing traditional perks such as company cafeterias, which were common in paternalistic companies like the film company Eastman Kodak in the 1950s and ’60s, tech companies now assume maternalistic roles. This book is masterfully written to help everyone understand economics through something they all love: doughnuts.

The Economics Book: Big Ideas Simply Explained - Goodreads

The book features maps of London neighborhoods and stories from 43 individuals, all of whom remain anonymous and are given nicknames. My only other complaint (and it’s not really a complaint so much as a caution) is that it might be time for a bit of an update, it closes just at the 2008 GFC, without having had the time to contextualise that event and understand it any more clearly. Of course, the business of producing goods and providing services is as old as civilization, but the study of how the process works in practice is comparatively new. People with all walks of economic knowledge can read, enjoy, and understand Economic Facts and Fallacies. The Economics Bookis your accessible guide to gaining tonnes of invaluable economic knowledge and learning how the economy shapes our world!

No one’s handing out armbands here, but a little devil’s advocacy in a book of theory sure as hell never hurts. It's like a collection of 100+ encyclopedia articles on myriad economic subjects, plus a handful of lengthier essays.