Synopsis
Practical economics for the business reader
This volume offers an introductory look at economics from a practical, problem‑driven perspective. Written from a long career in engineering and management, it emphasizes facts over opinion and aims to help the average person understand how economic forces shape everyday business.
In clear, accessible chapters, the book frames how real-world issues—wages, profits, rents, and production—move through the economy. It explains how the growth and contraction of bank credit, money in circulation, and investment interact with business cycles, and it discusses the balance between capital and labor, management, and public policy. The author argues for gradual, evidence‑based progress and for learning from the actual workings of markets.What you’ll experience
- A view of the business cycle, its stages, and how credit and money flow influence expansions and downturns
- Plain explanations of how wages, profits, costs, and investments determine business conditions
- A practical look at how organizations, management decisions, and cooperation affect industry
- An emphasis on using facts to inform economic thinking and policy
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