Economics For Dummies, 3rd Edition (For Dummies (Business & Personal Finance))

This book was very well written and captures the key areas of economics that everyone should know. The examples given brought clarity to each topic. Very well done!

Anyway, the main reason I wanted to read this book is because of the 3 main branches of politics, social issues, economic issues and foreign policy issues, economic issues has always been my weakest and I really wanted to get my foot in the door with economics. Like constantly criticizing Bernie Sanders for being “economically illiterate” doesn’t really hold a lot of water when you yourself don’t know how to calculate GDP.Now I am not actually sure how to accurately critique a book like this and I guess I have no choice but to give it a 10/10. Mainly because I think it did its job. I knew hardly anything about economics prior to starting this book and now I know way more than when the year started. So yeah, it taught me a lot about basic economics concepts.

This is about the standard that I expected to get from a 4D book. In fact I wanted to get an overview of conventional economical theories including any contradictions and general poor rigor that may be included.I reduced the star mainly, because some of the theories are patently fantastic, yet presented as uncontroversial - notably the assumptions of "competitive free market". This is like like the physicist's ideal gas, only with 4-6 unrealistic assumptions instead of one, and is treated not as a grossly simplified model, but a suppsedly achievable goal. Worse yet supose that you evaluated all deviations from ideal gas properties as "failures", not of your dumb theory, but of the real world market.

This book was easier to understand than the Kaplan book for the Chartered Financial Analyst test.

I found this book after googling "best intro to economics book" or some such thing. I ordered a copy of the 2nd edition and, sure enough, it was a fantastic overview of introductory micro and macro economic concepts. I passed my intro to micro and intro to macro classes easily after having read it. I assume the 3rd edition is just as good, but I haven't looked at it yet. Enjoy!

Clear and straight forward. I am trying get a better understanding of the economy as we continue this unusually prolonged boom. Good times always have a few dips. I just don't want to be too surprised when it does.

Anyone who has spent any time reading about the two major economic philosophies, Keynes vs Hayek, will notice that this author shows his bias. This author is a disciple of the Hayek/Friedman school.He spends more time, and pages, to discussing microeconomics and money supply theory than he does to macroeconomics and aggregate demand theory of Keynes. He said that Keynes’ model has its’ critics but never said that about the monetary model, I.e. Milton Friedman! Since Keynes believed in government intervention into the economy during economic downturns the author makes snide remarks about government intervention into the free market.Ok book for newbies but just know this author is not unbiased as to his preferred economic philosophy.

Great information on the subject....! Opened up a better mental view for me... I needed to Re-Informed myself about today’s Economy 🍎🍊🍏