The Economist: Economics 4th edition: Making sense of the Modern Economy

Description

The world of economics is changing. Years of turmoil in the global economy mean that nothing will ever be quite the same again. This is the starting point and theme of this radically revised Economist books classic. Richard Davies takes us on a journey through the paper's own analysis of the state of the world's economies, how we reached this point and what to expect in the next decade. He explores: what's gone wrong since 2008, why it's happened and how we can stop it happening again the shifting focus of economics from banking to labour economics a new breed of firm with economics at their operational core the future hopes and challenges for the world economy Along the way, we encounter the global economy laid bare, from banks, panics and crashes to innovative new policies to improve how markets function; from discussions around jobs, pay and inequality to the promise of innovation and productivity; and from the implications of emerging markets and the globalisation of trade through to the sharing economy and the economics of Google and eBay. The result is a fascinating review of the global economy and the changing role of economics in the new world order.

Richard Davies is The Economist's Economics Editor. Prior to The Economist, he worked at the Bank of England, where he managed a team of economists covering international economics. He was also a lead author of the Financial Stability Report, covering the stability of the banking sector. In 2008 he worked, on secondment, at the Bank of Canada in Ottawa. Richard began his career as a microeconomist, working in private sector consultancy and then at the UK Competition Commission. He studied economics at Oxford and the London School of Economics, and has held a lectureship at Lincoln College, Oxford, where he taught economics.

Easy to read as we expect from the Economist writers...this is economic theory with attitude and is an entertaining read. An invaluable reference for students and practicing economists. * Philip McDonagh (Pricewaterhouse Coopers) *