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Over the last 25 years, nearly two billion people across the globe
have risen out of poverty and income levels have risen worldwide.
Yet in the US, the top 1% earn twice the amount of income as the
poorest 50% of the population. In the midst of rising prosperity,
economic dissatisfaction--driven by the persistent fear felt by
many that they are ''falling behind''--is higher than at any point
since the 1930s. In Understanding Economic Inequality, the author
brings an economist's perspective informed by new, groundbreaking
research on inequality from philosophy, sociology, psychology, and
political science and presents it in a form that it is accessible
to those who want to understand our world, our society, our
politics, our paychecks, and our neighbors' paychecks better. As
any history of the 21st century would be incomplete without
understanding ''the 99% versus the 1%'', the insights provided by
the author will prove valuable to any reader. This book also
provides the foundation for undergraduate courses on wealth and
income inequality, and an essential reading for introductory
economics, labor economics, public policy, law, or sociology
courses.
Over the last 25 years, nearly two billion people across the globe
have risen out of poverty and income levels have risen worldwide.
Yet in the US, the top 1% earn twice the amount of income as the
poorest 50% of the population. In the midst of rising prosperity,
economic dissatisfaction--driven by the persistent fear felt by
many that they are ''falling behind''--is higher than at any point
since the 1930s. In Understanding Economic Inequality, the author
brings an economist's perspective informed by new, groundbreaking
research on inequality from philosophy, sociology, psychology, and
political science and presents it in a form that it is accessible
to those who want to understand our world, our society, our
politics, our paychecks, and our neighbors' paychecks better. As
any history of the 21st century would be incomplete without
understanding ''the 99% versus the 1%'', the insights provided by
the author will prove valuable to any reader. This book also
provides the foundation for undergraduate courses on wealth and
income inequality, and an essential reading for introductory
economics, labor economics, public policy, law, or sociology
courses.
This fascinating book introduces travelers—of the body or the
mind—to a few simple economic concepts that will help them to
think differently and more deeply about the differences between the
people and the places they visit during their journeys. The
principles and mechanics of economics are firmly rooted in
everything around us, in our home country as well as in every
nation and culture around the world. Having a basic grasp of
economics can help all travelers to think more carefully about why
things work differently in different places. Armed with this
knowledge, readers will be equipped to better appreciate—and
learn from—the beauty and complexity of the world around us. The
Traveling Economist: Using Economics to Think about What Makes Us
All So Different and the Same illustrates important economic
concepts that every traveler and world citizen should understand.
Employing clear, jargon-free explanations and illustrated with
real-life examples, Knoop uniquely focuses on the interplay between
travel and economics. He uses our shared travel experiences to
illustrate exactly how economic thinking supplies such a powerful
framework for understanding the world around us. More than simply
explaining economics through travel experiences, this book enables
adventurers who desperately want to avoid being tourists—i.e.,
people who travel to see what they know is there—to become
explorers: those who learn each and every day from what they
witness.
This book offers an examination of the empirical data of business
cycles, the theories that economists have developed to explain
them, and major case studies of recessions and depressions both in
the United States and internationally. When it first appeared in
2004, the first edition of Recessions and Depressions:
Understanding Business Cycles offered readers an expertly guided
tour through fundamental business cycle theories and the latest
research on pivotal market failures. In the aftermath of the events
of the 2008 economic crisis, Knoop offers an extensively updated
new edition. As before, the second edition offers clear
explanations of classical and Keynesian economic theory and how
each has moved in and out of favor from the early 20th century to
the present. It then provides detailed studies of major
business-cycle downturns in the United States, from the Great
Depression and postwar recessions to the "new" economy of the
1990s, the 2001 recession, and in an all-new chapter, the 2008
global financial crisis. The book also features an exhaustive
update of statistical data, plus coverage of recent international
crises in Argentina and Japan, and a new chapter on what we do and
don't know about business cycles.
This engaging book offers a primer on stocks and bonds, using
easy-to-understand language to explain how they function and why
they are important. It will be a valuable resource for both
economics students and readers interested in investing. Although
news outlets provide daily updates on stock market performance,
many Americans have little understanding of how stocks and stock
exchanges work. Yet stocks, along with government and corporate
bonds, represent two key cornerstones of modern economics. While
the average American may think of them as simply two types of
investments, stocks and bonds have impacts on the economy that go
far beyond the realm of personal finance. The latest volume in
Greenwood's new Student Guides to Business and Economics series,
Stocks and Bonds gives readers an in-depth yet reader-friendly look
at these integral components of the U.S. and global economy. It
explores the different types of bonds, how stocks and stock
exchanges work, and why periodic crashes and crises occur. It
explains fundamental concepts such as risk versus return, interest
rates, and behavioral economics, using real-world examples to
illustrate key points. It also provides practical tried-and-true
recommendations for investing in stocks and bonds.
Presents the empirical data of business cycles and the theories
that economists have developed to explain and prevent them, and
considers case studies of recessions and depressions in the United
States and internationally. Despite more than two centuries of
debate, a definitive explanation of the causes of economic cycles
still does not exist. Economists, politicians, and policymakers
have argued many well-known theories as to why these peaks and
slumps occur, and cyclical recessions and depressions continue in
spite of the enormous intellectual reserves working to prevent
them. This timely analysis presents a comprehensive overview of
global economics, assessing older theories alongside of new ways of
thinking to reveal the empirical methods needed to evaluate,
forecast, and prevent future crises. Educator and economist Todd
Knoop provides explanations of influential macroeconomic theories
that have shaped modern economics, such as Keynesian economics,
Neoclassical economics, Austrian economics, and New Keynesian
economics. In addition, he considers case studies of specific
recessions and depressions, beginning with the Great Depression
through the East Asian crisis and Great Recession in Japan and
culminating with a detailed examination of the European debt crisis
and the 2008 global financial crisis. The work concludes with a
look at the insights gained from these fiscal events as well as the
major questions that still remain unanswered as a result of these
crises. Features four primary forecasting techniques and assesses
the effectiveness of these methods in forecasting actual business
cycles Examines the reasons behind the lessening frequency of
recessions in postwar America Makes the subject of economic crises
timely and relevant by addressing the recent global financial
crisis and the European debt crisis Reveals how the collapse of the
housing market led to a credit crunch and a global economic
slowdown
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