Economics: Making sense of the Modern Economy
The Economist
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Narrated by:
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David Thorpe
About this listen
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.
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How Markets Fail
- The Logic of Economic Calamities
- By: John Cassidy
- Narrated by: Ralph Cosham
- Length: 13 hrs and 15 mins
- Unabridged
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Behind the alarming headlines about job losses, bank bailouts, and corporate greed, there is a little-known story of bad ideas. For 50 years or more, economists have been busy developing elegant theories of how markets work - how they facilitate innovation, wealth creation, and an efficient allocation of society's resources. But what about when markets don't work?
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Three books in one.
- By Donald on 02-13-10
By: John Cassidy
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Capitalism vs. Socialism: Comparing Economic Systems
- By: The Great Courses
- Narrated by: Professor Edward F. Stuart PhD
- Length: 11 hrs and 59 mins
- Original Recording
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Ever since we produced our course Thinking About Capitalism, customers have expressed interest in a follow-up course that could help them understand socialism in the same way. After much consideration, we determined that it actually would be more beneficial to create a course that compares and contrasts the two major global economic theories, examining them in ways that move past the polemics many of us are used to and looking at these systems as they relate to one another and the world at large.
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A biased view of economics.
- By David S. Westby on 09-03-19
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Thinking Like an Economist: A Guide to Rational Decision Making
- By: Randall Bartlett, The Great Courses
- Narrated by: Randall Bartlett
- Length: 6 hrs and 11 mins
- Original Recording
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Economic forces are everywhere around you. But that doesn't mean you need to passively accept whatever outcome those forces might press upon you. Instead, with these 12 fast-moving and crystal clear lectures, you can learn how to use a small handful of basic nuts-and-bolts principles to turn those same forces to your own advantage.
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Great for beginners, nothing you for an economist
- By V. Taras on 07-08-15
By: Randall Bartlett, and others
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Money Mischief
- Episodes in Monetary History
- By: Milton Friedman
- Narrated by: Nadia May
- Length: 6 hrs and 23 mins
- Unabridged
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What kind of mischief can result from misunderstanding the monetary system? The work of 2 obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan, as well as Franklin D. Roosevelt's decision to appease a few senators from the American West who helped communism triumph in China, are just 2 such mishaps cited in this important work by Nobel Prize-winning economist Milton Friedman. This accessible work also provides an in-depth discussion on the creation of value.
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This book is not unabridged.
- By James on 01-18-09
By: Milton Friedman
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Guide to Financial Markets (6th edition)
- The Economist
- By: Marc Levinson
- Narrated by: Philip Franks
- Length: 8 hrs and 39 mins
- Unabridged
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The definitive guide to why different financial markets exist and how they operate. This edition brings the listener right up to speed with the latest developments in financial instruments and provides a clear and incisive guide to this complex world that even those who work in it often find hard to understand. With chapters on the markets that deal with money, foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives.
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This sharpened my understanding
- By Philo on 02-05-14
By: Marc Levinson
What listeners say about Economics: Making sense of the Modern Economy
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- chetyarbrough.blog
- 07-28-14
SPELLBINDING?
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.
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- Mark York
- 07-21-14
A smorgasbord of old Economist articles.
What disappointed you about Economics: Making sense of the Modern Economy?
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.
You didn’t love this book... but did it have any redeeming qualities?
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.
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4 people found this helpful
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- Steven
- 07-20-21
This is opinion
Seems to cherry pick factual data to come to a biased conclusion . This is entertainment not educational
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- Amazon Customer
- 11-12-14
Low class
What disappointed you about Economics: Making sense of the Modern Economy?
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!
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- Me
- 08-04-14
Poorly organized and difficult to enjoy
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.
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