Packed with engaging, thought-provoking economic information aimed at beginners, Economics: Making Sense of the Modern Economy: The Economist brings to life a collection of articles from this respected international affairs magazine with an energetic narration from David Thorpe. Edited by Saguao Datta, The Economist's economics correspondent, this recording covers a wide-ranging and eclectic series of topics, from the devastating global recession to pricing strategies in prostitution. Intriguing and accessible, the 12 hours of clear instruction will leave any listener feeling comfortable with the complexities of modern economics.
The real-world realities of the far from dismal science.
A radically revised new edition of this highly readable, popular guide aimed at everyone from students to statesmen who want to make sense of the modern economy and grasp how economic theory works in practice.
It starts with the basics: what economics is about; the sources of economic growth such as people and investment; the role of central banks and fiscal policy in setting the macroeconomic framework; and the economics of everything - microeconomics.
From the underlying theory it moves to the specifics of the world economy: the developed world and the rise of emerging economies; the issues of global imbalances and the runaway world of finance; and the recent "great" recession - why it happened, how it was dealt with, its effects, its legacy and the way ahead.
The closing part puts the usefulness and the failings of economics under the spotlight, and looks at the innovative approaches being developed to make what has been called the "dismal science" fit for the modern world.
©2011 Ed. Saguao Datta (P)2013 Audible Ltd
This is a collection of articles that had originally appeared on the pages of The Economist (a British financial magazine). The chapters in the book are edited versions of those articles and they do not blend well together. Yes, it's one of those make-a-book-out-of-a-magazine's-back-catalog efforts. In this case, the back catalog is at least 5 years old and woefully out of date.
Economic theories tend to go bad after a few years, and so to the theories put forward in this tome. On the plus side, the actual writing is structurally excellent.
The one saving grace about this audiobook is David Thorpe. There are times that I want to listen to a book not for it's content, but as background noise while I work. Mr. Thorpe is excellent in that role. He takes what is dry and boring in this book and reads it in almost a musical manor. Whether that is sufficient weight to overcome the book's shortcomings is debatable.
This collection of audio that incidentally is free to all subscribers of the electronic version is devoid of even modest organization. No real point it feels like a random collection of magazine articles. Which I guess it is, but it is not enjoyable.
Faced with mindless duty, when an audio book player slips into a rear pocket and mini buds pop into ears, old is made new again.
This may not be a spellbinding subject but it offers insight to the “dismal science” based on improved big data collection and better data analysis. This book of essays contains information that may be used to argue with or against Keynesian' or Hayekian' economic theory. Keynes' followers argue for government intervention in economic crises while Hayek’ s argue for market-force corrections (reorganization, or bankruptcy).
Many things have happened since the 2010 economic information offered in this book. One comes away from listening to "Economics" with previously held biases mostly intact. A nagging feeling remains that rational economic theory makes sense on paper but skitters out of control when acted upon in real life.
I can't believe why this book like to Prostitute Industry to explain the concept of the economics! The author of the book must be addicted that trade!
"Informative and fascinating"
One of my favorite audiobooks. A trip through British history from an economic point of view. This audiobook was interesting in many ways.
The author was a good choice as the reader.
"A brilliant guide to economics"
This book is good due to it using genuine articles from The Economist magazine to portray current and recent issues that affect us in different ways.
I would pair this book with Tim Harfords undercover economist and undercover economist strikes back books as between these three books they give a detailed understanding of modern economics and the underlying theories.
It is much easier to understand this type of book if listening to it as it gives a connection to the listener that makes it an easier listen.
"Interesting but patchy"
This is not so much a book as a collection of articles, and as long as you take that into account there shouldn't be too much disappointment. Some very insightful articles from The Economist that stimulate meaningful thought on the subject. But remember, these articles are all now about 5-6 years behind the times, and in a field evolving as rapidly as economics that is a very long time!
"Summary - Dry, Factual, little actionable info"
I was hoping that the book had more detail and examples of how the economy works as well a more reference to where you can get data.
This is a very dry and factual account of peoples opinions.
had no feelings
This felt like a summary of articals in The Economist
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