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Economics
Book

Economics

The User’s Guide

Bloomsbury Press, 2014 more...


Editorial Rating

8

Qualities

  • Applicable
  • Well Structured
  • Engaging

Recommendation

True to his subtitle, economist Ha-Joon Chang provides an accessible tutorial on economics and on several approaches to analyzing economic phenomena. His purpose is to offer a truer, more comprehensive picture of societal and individual economic consequences than you generally receive from the predominant neoclassical theory. Chang wants you, as a user of the economy, to learn how it works and how it affects you. Toward that goal, his primer facilitates various levels of study by suggesting reading sequences cherry-picked from the book: Skimming the chapter titles and their introductory pages will take you 10 minutes. If you have more time, dip into different sections and zip through the convenient summaries that dot the book. Warning: You may become so engrossed in Chang’s straightforward and engaging style that you end up reading the whole book. getAbstract recommends this refreshing manual to the lay reader who’d like a crash course in economics.

Take-Aways

  • Individuals ought to grasp the basics of economics to understand how it affects their job, salary and future.
  • Economics is about people and their behaviors, which constantly change and don’t always react in ways that various theories might suggest.
  • Nine major schools of economic theory have developed over five centuries.

About the Author

Ha-Joon Chang teaches at Cambridge University. He wrote several other bestsellers, including 23 Things They Don’t Tell You About Capitalism.


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