Finally! A book about economics that won’t put you to sleep. In fact, you won’t be able to put this bestseller down. In our challenging economic climate, this perennial favorite of students and general readers is more than a good read, it’s a necessary investment—with a blessedly sure rate of return. Demystifying buzzwords, laying bare the truths behind oft-quoted numbers, and answering the questions you were always too embarrassed to ask, the breezy Naked Economics gives readers the tools they need to engage with pleasure and confidence in the deeply relevant, not so dismal science.
"There's too much curious stuff in this book to even briefly mention in a review .."Eli Bendersky
"Overall, Naked Economics has a thing or two to teach you about the structures and processes involved in the global economy."Nerd Guru
In The Big Secret for the Small Investor, bestselling author Joel Greenblatt explains to everyday investors how to value a business, and why the small investor has an inherent edge over the big investment firms that have to show results month by month, quarter by quarter, year by year. Greenblatt then goes
You buy financial assets for the cash flows you expect to gain. The price of a stock cannot be justified by assuming there will be other investors around who will pay a higher price in the future. That is the equivalent of playing an expensive game of musical chairs. As a
This book is not really about money, it is about creating the life you want. A part of that is deciding what role you want money to play in it. We all have money in our lives, what matters is that you master money and it doesn’t master you. The secret
The ongoing turbulence in the global financial markets has drawn attention to an alternative system of financial intermediation, Islamic banking and finance. This sector has so far remained on the sidelines of the unrest. The sector has grown rapidly in recent years and this new found prominence has raised many questions
The global financial crisis that shook virtually every country, government, and household in the world in 2008-09 gave way to a frustrating “new normal” of low growth, rising inequality, political dysfunction, and, in some cases, social tensions, so much so that the path of the global economy is likely to end
The fastest way to end any meaningful discussion of globalization is to wave the environment card; as the notion that economic development is inherently bad for the environment may be wrong anyway.
Currencies that buy more than PPP would predict are “overvalued”; currencies that buy less are “undervalued”.
International economics should not be any different than economics within countries. National borders are political demarcations, not economic ones.
Productivity is determined in part by natural resources, but in a modern economy, productivity is more affected by technology, and skills, all of which are a function of human capital.
Human beings are complex creatures who are going to do whatever it takes to make themselves as well off as possible.
Economists don’t particularly care what gives us utility; they simply accept that each of us has their preference.