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A guide for newcomers to the world of economics introduces
such basics as trade deficits, recessi***, and bull markets,
offering a humorous approach to understanding everyday concepts.
20,000 first printing. Tour. Fortune Bk Club. --This text refers to
an out of print or unavailable edition of this title.
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From Publishers Weekly
"You would probably do just as well choosing a stock by throwing
a stockbroker at a dartboard as listening to his advice?and you
would save money," opines Buchholz (New Ideas from Dead Economists)
in this humorous version of Econ 101. Here he demystifies such
terms as inflation, monetary policy, exchange rates and corporate
financing and provides a concise history of economic thought from
Adam Smith to contemporary supply-side economics. Formerly
associate director of economic policy on President Bush's Economic
Policy Council and now president of an international c***ulting
firm, Buchholz argues against adopting a Canadian-style national
health plan or forcing employers to provide medical coverage.
Instead, he says, individuals should be required to obtain their
own, to discourage frivolous expenditures. Fortune Book Club
selection.
Copyright 1995 Reed Business Information, Inc. --This text refers
to an out of print or unavailable edition of this title.
From Library Journal
The news contains major stories about various ***ects of the
economy, from the stock market to inflation to GATT. For the
n***pecialist, the economic concepts involved may be daunting.
According to Buchholz, "most people have found economics to be like
a bad steak: dry, tough, and tasteless." Buchholz, who has served
as associate director of economic policy and deputy executive
secretary of the White House Economic Policy Council, here aims to
demystify economics. Using contemporary examples to explain key
economic principles, he presents an uncomplicated and clear
***ysis. The book is divided into five parts: macroeconomics,
microeconomics, international economics, business and individual
investment, and history of economic thought. The appendix lists
"Greatest Hits of Economics," including the five top economists; a
helpful list of suggested readings is included. Recommended for
public libraries as a complement to the author's previous New Ideas
from Dead Economists: An Introduction to Modern Economic Thought
(NAL, 1989).
Lucy Heckman, St. John's Univ. Lib., Jamaica, N. Y.
Copyright 1995 Reed Business Information, Inc. --This text refers
to an out of print or unavailable edition of this title.
From Booklist
Economics is anything but dismal in the hands of Buchholz, a
former professor and regular contributor to Forbes and the Wall
Street Journal. His New Ideas from Dead Economists (1989) was a
lively, entertaining introduction to economic theory that
effectively explained various economic schools of thought--even for
those whose eyes glaze over after reading the second page of the
newspaper's business section. He continues here where the previous
book left off, dem***trating how "economics" determines everything
from the advertising we watch to the health care we receive. With
four broad secti*** covering macroeconomics, microeconomics,
international trade and finance, and investing, Buchholz offers up
everyday, real-life examples that vividly and clearly illustrate
the basic principles of economics. Highly recommended for all
public libraries, but especially for smaller libraries with limited
business collecti***. David Rouse --This text refers to an out of
print or unavailable edition of this title.
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