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Publisher's Summary

After the global financial panic and recession of 2007–2009, you don’t have to be president or a hedge fund manager to know that “It’s the economy, stupid.” Yet while the economy dominates the headlines, how it works and who influences it remain a mystery to most people. In The Little Book of Economics, Greg Ip, an award-winning journalist renowned for making complex economics easy to understand, walks you through how the economy really works.
You’ll learn:

How psychology and the Federal Reserve drive business cycles
How a financial crisis can transform a recession into a depression
The surprising effects of fertility rates, lawyers, and ideas on economic growth
Whether the United States faces a lost decade like Japan did in the 1990s
The causes of inflation, how it destabilizes society, and why deflation is even worse
How government debt can sometimes help end a recession but, other times, bring on disaster—and how to tell the difference
The symptoms of financial crises and why they often occur in election years
What goes on inside the Federal Reserve, what it does when interest rates are zero, and why its power to print money has made it the world’s financial fireman
You can’t understand the American economy without recognizing the growing influence of the rest of the world. So The Little Book of Economics digs into globalization, how it made America’s mortgage crisis possible, how it’s exploited by China to spur growth, and how it makes the United States richer even as it widens the gap between winners and losers. One side effect of the deepest economic downturn since the Great Depression is that it has ignited a fresh desire among citizens and investors to better understand the economy.
©2010 Greg Ip (P)2010 Gildan Media Corp
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Critic Reviews

“Finally, an economics book that is neither dull nor inscrutable and that won’t put you to sleep. Greg Ip gives us a lucid and entertaining understanding of ‘the dismal science’ and reveals how economic concepts and institutions affect our daily lives. This little gem can turn all of us into sophisticated and educated citizens.” (Burton G. Malkiel, Professor of Economics, Princeton University; author of A Random Walk Down Wall Street and The Elements of Investing)
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Customer Reviews

Most Helpful
5 out of 5 stars
By Cori on 04-15-12

Great as an audiobook!

Where does The Little Book of Economics rank among all the audiobooks you’ve listened to so far?

This book is required as part of my MBA and being able to listen while working out instead of reading it was exception.

What about Sean Pratt’s performance did you like?

The narrator did a great job of seeming interested in what could have been a really dry topic.

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2 of 2 people found this review helpful

4 out of 5 stars
By BBBman on 08-12-12

Read like he wrote it

I got exactly what I was hoping for out of this book: a well rounded, non-partisan summary of the various engines, institutions and policies that drive our economy. It's not too long, but moves at a pretty good pace, so at times I found myself repeating sections or whole chapters to help it soak in better. Expected considering the topic.

I need to give huge props to the narrator for reading through this material in a natural and convincing way. This is one of the best examples of a narration that's so natural, I would believe it if I was told he was the author. Sean Pratt takes some potentially dry content by its nature and reads it like he's chatting with you in your living room over coffee. A lot of non-fiction audio books can come across rather dry and stilted, unnatural, or just downright bad. I thought the narration in this case was top notch. A pleasant listen, which is no easy feat for this kind of content.

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1 of 1 people found this review helpful

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