A provocative and lively exploration of the increasingly important world of macroeconomics, by the author of the bestselling The Undercover Economist.
Thanks to the worldwide financial upheaval, economics is no longer a topic we can ignore. From politicians to hedge-fund managers to middle-class IRA holders, everyone must pay attention to how and why the global economy works the way it does.
Enter Financial Times columnist and best-selling author Tim Harford. In this new book that demystifies macroeconomics, Harford strips away the spin, the hype, and the jargon to reveal the truth about how the world’s economy actually works. With the wit of a raconteur and the clear grasp of an expert, Harford explains what’s really happening beyond today’s headlines, why all of us should care, and what we can do about it to understand it better.
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Macroeconomics is hard
Tim Harford is the Great Explainer of economics, and no one could have de-mystified the subject of macroeconomics as well as Tim. But still, no one really knows how the macroeconomy works, and "teaching the controversy" is a tall order even for the greatest of explainers.
Tim's first book, The Undercover Economist, is on more solid theoretical and empirical ground, simply because microeconomic phenomena (buying and selling things) are so much better understood than macroeconomic phenomena (recessions, booms, growth and inflation).
Good as far as it goes....
- Chris Wandor