Reasonably Simple Economics: Why the World Works the Way It Does

Osborne, Evan

Published by Apress, 2013
ISBN 10: 1430259418 / ISBN 13: 9781430259411
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The goal of Reasonably Simple Economics is, not surprisingly, simple: to help us think like economists. When we do, so much of the world that seemed mysterious or baffling  becomes more clear and understandable―improving our lives and providing new tools to succeed in business and career.

In a chatty style, economist Evan Osborne explains the economic foundations behind the things we read about or see in the news everyday:

  • Why prices for goods and services are what they are
  • How government spending, regulation, and taxation can both hinder and help the economy
  • Why and how some people get fabulously rich
  • How entrepreneurs reorganize society beneficially
  • Why markets sometimes fail and when or if governments should intervene when they do
  • How economics and statistics can explain such things as discrimination in hiring and providing services (and why discriminators are shooting themselves in the foot), why we’re smarter than we’ve ever been, and how technology makes the idea of Earth’s “carrying capacity” meaningless

Along the way, you will learn the basic concepts of economics that well-educated citizens in democratic countries should know, like scarcity, opportunity cost, supply and demand, all the different ways economies are "managed," and more.

In the manner of The Armchair Economist, The Undercover Economist, or Naked Economics, Osborne uses current examples to illustrate the principles that underlie tragedies like the Greek economy or the global market meltdown of 2008, and triumphs like the continuing dominance of Silicon Valley in the tech world or why New York City markets are stuffed with goods despite the difficulty in getting them there.

As Osborne points out, the future, in economic terms, has always been better than the past, and he shows you how to use that knowledge to improve your life both intellectually and materially.

About the Author: Evan Osborne is professor of economics at Wright State University. He has taught principles of economics for twenty years, and has used economics to write about a wide array of topics. His current research interests involve the economics of sports and of ancient and contemporary China, and the history of individual liberty. But he is interested in everything.

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Title: Reasonably Simple Economics: Why the World ...
Publisher: Apress
Publication Date: 2013
Binding: Paperback
Book Condition: Good

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Book Description aPress, United States, 2013. Paperback. Book Condition: New. 1st ed.. Language: English . Brand New Book ***** Print on Demand *****.The goal of Reasonably Simple Economics is, not surprisingly, simple: to help us think like economists. When we do, so much of the world that seemed mysterious or baffling becomes more clear and understandable-improving our lives and providing new tools to succeed in business and career. In a chatty style, economist Evan Osborne explains the economic foundations behind the things we read about or see in the news everyday: * Why prices for goods and services are what they are * How government spending, regulation, and taxation can both hinder and help the economy * Why and how some people get fabulously rich * How entrepreneurs reorganize society beneficially * Why markets sometimes fail and when or if governments should intervene when they do * How economics and statistics can explain such things as discrimination in hiring and providing services (and why discriminators are shooting themselves in the foot), why we re smarter than we ve ever been, and how technology makes the idea of Earth s carrying capacity meaningless Along the way, you will learn the basic concepts of economics that well-educated citizens in democratic countries should know, like scarcity, opportunity cost, supply and demand, all the different ways economies are managed, and more. In the manner of The Armchair Economist, The Undercover Economist, or Naked Economics, Osborne uses current examples to illustrate the principles that underlie tragedies like the Greek economy or the global market meltdown of 2008, and triumphs like the continuing dominance of Silicon Valley in the tech world or why New York City markets are stuffed with goods despite the difficulty in getting them there. As Osborne points out, the future, in economic terms, has always been better than the past, and he shows you how to use that knowledge to improve your life both intellectually and materially. Bookseller Inventory # AAV9781430259411

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Book Description Springer-Verlag Berlin and Heidelberg GmbH Co. KG, Germany, 2013. Paperback. Book Condition: New. 1st ed.. Language: English . Brand New Book ***** Print on Demand *****. The goal of Reasonably Simple Economics is, not surprisingly, simple: to help us think like economists. When we do, so much of the world that seemed mysterious or baffling becomes more clear and understandable-improving our lives and providing new tools to succeed in business and career. In a chatty style, economist Evan Osborne explains the economic foundations behind the things we read about or see in the news everyday: Why prices for goods and services are what they are How government spending, regulation, and taxation can both hinder and help the economy Why and how some people get fabulously rich How entrepreneurs reorganize society beneficially Why markets sometimes fail and when or if governments should intervene when they do How economics and statistics can explain such things as discrimination in hiring and providing services (and why discriminators are shooting themselves in the foot), why we re smarter than we ve ever been, and how technology makes the idea of Earth s carrying capacity meaningless Along the way, you will learn the basic concepts of economics that well-educated citizens in democratic countries should know, like scarcity, opportunity cost, supply and demand, all the different ways economies are managed, and more. In the manner of The Armchair Economist, The Undercover Economist, or Naked Economics, Osborne uses current examples to illustrate the principles that underlie tragedies like the Greek economy or the global market meltdown of 2008, and triumphs like the continuing dominance of Silicon Valley in the tech world or why New York City markets are stuffed with goods despite the difficulty in getting them there. As Osborne points out, the future, in economic terms, has always been better than the past, and he shows you how to use that knowledge to improve your life both intellectually and materially. Bookseller Inventory # AAV9781430259411

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Book Description Book Condition: New. Publisher/Verlag: Springer, Berlin | Why the World Works the Way It Does | The goal of Reasonably Simple Economics is, not surprisingly, simple: to help us think like economists. When we do, so much of the world that seemed mysterious or baffling becomes more clear and understandable-improving our lives and providing new tools to succeed in business and career.In a chatty style, economist Evan Osborne explains the economic foundations behind the things we read about or see in the news everyday:Why prices for goods and services are what they are How government spending, regulation, and taxation can both hinder and help the economy Why and how some people get fabulously rich How entrepreneurs reorganize society beneficially Why markets sometimes fail and when or if governments should intervene when they do How economics and statistics can explain such things as discrimination in hiring and providing services (and why discriminators are shooting themselves in the foot), why we're smarter than we've ever been, and how technology makes the idea of Earth's "carrying capacity" meaningless Along the way, you will learn the basic concepts of economics that well-educated citizens in democratic countries should know, like scarcity, opportunity cost, supply and demand, all the different ways economies are "managed," and more.In the manner of The Armchair Economist , The Undercover Economist , or Naked Economics , Osborne uses current examples to illustrate the principles that underlie tragedies like the Greek economy or the global market meltdown of 2008, and triumphs like the continuing dominance of Silicon Valley in the tech world or why New York City markets are stuffed with goods despite the difficulty in getting them there.As Osborne points out, the future, in economic terms, has always been better than the past, and he shows you how to use that knowledge to improve your life both intellectually and materially. | Preface.Chapter 1 - Introduction1.1 The foundation of modern economics the idea of scarcity. 1.2 Rules and freedom.1.3 Rules amid the chaos. Chapter 2 Supply and Demand, Considered Separately 2.1 Opportunity Cost. 2.2 Sunk vs. Marginal Costs. 2.3 Costs and supply. 2.4 Demand. 2.5 Elasticity of demand. Chapter 3 Supply and Demand Considered Together 3.1 Equilibrium. 3.2 Changes in Supply and Demand. 3.3 Price Controls. Chapter 4 The Economics of Information or Knowledge 4.1 Decentralized Knowledge and the Spontaneous Order. 4.2 The Importance of Being Wrong. 4.3 Competition. 4.4 Profit as Markup. 4.5 The Market as What We Know Together. 4.6 Monopoly and Its Meaning, or Lack Thereof. 4.6.1 The Indifference Principle. 4.6.2. When the Indifference Principle Does Not Hold. 4.7 Speculation. Chapter 5 Public and Private Decision-Making 5.1 Who Is the Government, and What Does It Want?5.2 Problem 1 Government as Subject to Regulatory Capture and as a Manufacturer of Entry Barriers 5.3 Problem 2 The Incentive to Accumulate Knowledge in the Private Sector and in the Government 5.4 Problem 3 The Democracy Problem. 5.5 Problem 4 The Abuse-of-Power Problem. Chapter 6 Who Makes How Much, and Why 6.1 The Market for Compensation. 6.2 Power in the Employer-Employee Relationship. 6.3 The Distribution of Income. 6.3 The Economics of Taste-Based Discrimination. 6.4 Statistical Discrimination. 6.5 Who Makes What, By Ethnicity and Sex. Chapter 7 The Middleman and the Entrepreneur 7.1 The Middleman. 7.2 Financial Middlemen. 7.3 The Middleman in Society. 7.4 The Entrepreneur More Generally. 7.5 The Entrepreneur as Residual Claimant. 7.6 The Entrepreneur as Social Reorganizer. Chapter 8 Time and Risk8.1 Investment8.2 Interest Rates 8.3 Risk anbd Risk TradingChapter 9 The Entrepreneur and Some Economics of the Future 9.1 Pessimism Amidst Miracles. 9.2 The Way Things Used to Be. 9.3 How Intellectuals and Politicians See the Future A Brief History. 9.3.1 Malthusianism. 9.3.2 Luddism. 9.3.3 Marxism. 9.3.4 Permanent Economic Stagnation. 9. Bookseller Inventory # K9781430259411

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