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The revised and updated 7th edition of this highly regarded book brings the reader right up to speed with the latest financial market developments, and provides a clear and incisive guide to a complex world that even those who work in it often find hard to understand. In chapters on the markets that deal with money, foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives, the book examines why these markets exist, how they work, and who trades in them, and gives a run-down of the factors that affect prices and rates. Business history is littered with disasters that occurred because people involved their firms with financial instruments they didn't properly understand. If they had had this book they might have avoided their mistakes. For anyone wishing to understand financial markets, there is no better guide.

As the most successful sitcom of all time, the television series Seinfeld provides a rich environment for learning basic economic principles. Chronicling the lives of four close friends—Jerry, George, Elaine, and Kramer—the show highlights human behavior at its best and its worst. The major characters paint themselves as some of the most self-interested individuals in all of popular culture, and are faced with dilemmas that force them to make decisions. Those decisions are at the heart of economics. Each chapter in this book explores one or more key economic concepts and relates them to key scenes from the show. These principles are then applied to other real-world situations, arming readers with the tools needed to make better economic decisions. Written in a light-hearted and conversational style, this book is a must-read for fans of Seinfeld and anyone who wants to learn something from "the show about nothing." It is an ideal supplement for all economics classes.

Here is a bold history of economics - the dramatic story of how the great economic thinkers built today's rigorous social science. Noted financial writer and economist Mark Skousen has revised and updated this popular work to provide more material on Adam Smith and Karl Marx, and expanded coverage of Joseph Stiglitz, 'imperfect' markets, and behavioral economics.This comprehensive, yet accessible introduction to the major economic philosophers of the past 225 years begins with Adam Smith and continues through the present day. The text examines the contributions made by each individual to our understanding of the role of the economist, the science of economics, and economic theory. To make the work more engaging, boxes in each chapter highlight little-known - and often amusing - facts about the economists' personal lives that affected their work.

"'Megatrends' are great forces in societal development that have profound impacts on states, markets, and civil society in the now and for the years to come. They can effectively be employed as a starting point for analyzing our world. Megachange: The World in 2050 looks at these sweeping, fundamental trends that are changing the world faster than at any time in human history. Including chapters on approximately twenty of these "megatrends," each elegantly outlined by contributors from The Economist, and rich in supporting facts and graphics, the book is a compelling read as well as a valuable research and reference tool. Groups the "megatrends" that are shaping our world into several categories: People, Life and Death, Economy and Business, and Knowledge; Each trend is covered in a concise but detailed chapter written by an expert from The Economist; Edited by Daniel Franklin, Executive Editor of The Economist. Packed with important information about the forces that shape our world, Megachange is a fascinating new look to the future from the experts at The Economist."--Publisher's website.

An eminent economist warns that Western nations’ economic expectations for the future are way out of sync with the realities of economic stagnation and stringent steps will be required to avoid massive political and economic upheaval. “It is alarmingly difficult to disagree with Stephen King. All one can say, perhaps, is that one of the great errors of human nature—strongly displayed before the credit crunch—is the belief that a prevailing trend will continue indefinitely. The crunch is surely a reminder that what goes up must come down.”—Charles Moore, Daily Telegraph “[King] is dabbling in the financial equivalent of the horror genre. Perhaps even scarier, his is the stuff of nonfiction.”—Michael J. Casey, Wall Street Journal