Tuesday, October 9, 2012

The 21st Century Economy by Randy Epping

This is an excellent survey of all the economics topics everyone needs to know right now. Every topic is introduced, briefly discussed, and related to current events and politics. While there's more to each topic than one book can cover, this one presents everything that everybody needs to know right now. Not only that, it has all the key words and names you need for further searching and reading on any individual topics of interest.

Unlike many books on popular economics, this one, while slightly left-leaning, is mostly even-sided and objective. Many others are conspiracy theories or one-sided political diatribes. (I do find the conspiracy theories kind of fun though) This book includes everything, including things like the United Nations and environmentalism. Whether you're a liberal or a conservative, though, these topics have an economic impact on current events, and that's what this book is about. Any survey omitting them would be incomplete.

The 21st Century Economy should be required reading for all high school seniors, college students, and voters. I doubt all the politicians making major economic decisions understand these topics. Voters need to realize this!!!

My own little diatribe:
American public education prepares students to become workers for 8 hours a day but completely ignores economics, which affects us 24 hours a day. Everyone needs to understand this so we can get an economics curriculum in schools where it's needed. What else explains why so many otherwise smart people make so many bad financial decisions? This book can help us fix that.

Reference:
Randy Charles Epping. The 21st Century Economy: A Beginner's Guide. Vintage Books. 2009.


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