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Publisher's Summary

Navigate the economy with this insightful new book

The world is awash with economic information. Governments release reports. Pundits give their interpretation on television. And the stock market may go its own way, confusing everyone. How can you better understand what it means for you?

Big Picture Economics, a new book by award-winning columnist and futurist Joel Naroff and veteran journalist Ron Scherer, says the thread that ties everything together is "context".

The authors show how consumers, business, the Federal Reserve, and government take into account what's going on around them to make critical decisions like buying new products, building new factories, changing interest rates, or setting budget goals. The book provides a clear roadmap to understanding the whole story behind the global economy.

Big Picture Economics helps listeners understand how context impacts decisions and decision-makers:

  • The Federal Reserve and Congress in formulating economic policy
  • Consumers in a shopper nation and what makes us buy or not buy
  • Corporations making decisions on whether to build new factories and buy other companies
  • The federal budget that must deal with complex issues, including the reduction of health care spending
  • A simple test for tax cuts or increases: Will they help the economy grow?
  • Where to produce and where to sell in a global economy that is more like a Mobius strip than a flat world
  • International events that can ripple through the economy and ultimately affect workers in the Midwest

Technology, such as intelligent drones to wearable computers, are changing the future.

©2014 Joel Naroff and Ron Scherer (P)2014 Audible Inc.

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  • Phil O.
  • San Diego, CA, United States
  • 09-14-14

I am a bit underwhelmed, but not dismayed

I would retitle this, "lots of anecdotes in recent economic times, and maybe some useful stories and terminology for general background understanding." I do not find the repeated term "context" which jumps up willy-nilly, to lend any useful rigorous meaning or traction to understanding the twists and turns that have occurred. But for a person who has not followed this area closely over the last several years, there may be some useful info here.

1 of 1 people found this review helpful