In This Economy?
How Money and Markets Really Work
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- 14,99 €
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- 14,99 €
Publisher Description
THE NEW YORK TIMES BESTSELLER
"Few people can communicate how the economy actually works better than Kyla Scanlon." -Morgan Housel, author of The Psychology of Money
The stuff you really need to know about how the economy works? It's pretty simple. Yes, even if you were bored to tears in economics class, or if you're cross-eyed from reading painfully convoluted-or straight-up misguided-financial commentary. In this particularly disorienting era, Kyla Scanlon is the Tim Harford of the disaffected and disillusioned Gen Z looking for answers.
This is the definitive, approachable guide to the key concepts and mechanics of economics and the most common myths and fallacies to steer clear of. Through Kyla's trademark blend of creative analogies, clever illustrations, refreshingly lucid language-and even quotes from poetry, literature, and philosophy-she answers questions such as:
- Is our national debt really a threat?
- What is a "mild" recession, exactly?
- What's really happening in the employment market, and how do we improve it for workers?
At a time when experts overcomplicate simple things loudly, choosing to generate smoke rather than clearing the air, In This Economy? shows that understanding the markets-and the systems they operate in-is easier than you think.
Whether you're worried about your mortgage rate, job security, bank account balance, or the health of the broader economy, this concise and witty guide will give you the confidence to make smarter financial decisions-no matter what the headlines say.
PUBLISHERS WEEKLY
The robust debut from former options trader Scanlon provides a refreshingly accessible overview of how the U.S. economy works. Exploring the government's tools for influencing financial markets, Scanlon explains that the Federal Reserve serves as "an economic vibe setter" that cools or heats up the economy through raising or lowering the "interest rates that depository institutions (including banks) charge each other" for the overnight loans that ensure banks have enough money on hand to meet customers' demands. Scanlon focuses on helping readers understand pressing economic concerns, as when she notes that the National Bureau of Economic Research consults a variety of data to make an ultimately "pretty subjective" decision about when to declare a recession, and argues that inflation is usually caused by price hikes, tight labor markets, increased globalization, and disruptions in energy markets. Throughout, Scanlon emphasizes the role that "vibes and feelings" play in shaping financial markets, suggesting that such economic indicators as consumer spending depend on actions that stem from countless individuals' assessments about the state of the economy. Scanlon's conversational tone provides a welcome alternative to standard stodgy economic explainers, though the overabundance of exclamation marks sometimes irks ("Borrowing money is okay! It really is!"). Still, this is an ideal primer for readers whose eyes glaze over at the mere mention of the debt ceiling.
