Reasonably Simple Economics: Why the World Works the Way It Does

The goal of Reasonably Simple Economics is, not surprisingly, simple: to help us think like economists. When we do, so much of the world that seemed mysterious or baffling becomes more clear and understandableimproving our lives and providing new tools to succeed in business and career.

In a chatty style, economist Evan Osborne explains the economic foundations behind the things we read about or see in the news everyday:

• Why prices for goods andservices are what they are
• How government spending,regulation, and taxation can both hinder andhelp the economy
• Why and how some people get fabulously rich
• How entrepreneurs reorganize society beneficially
• Why markets sometimes failand when or if governments should intervene when they do
• How economics and statistics can explain such things as discrimination in hiring and providing services(and whydiscriminators are shooting themselves in the foot), why were smarterthan weve ever been, and how technology makes the idea of Earthscarrying capacity meaningless

Along the way, you will learn the basic concepts of economics that well-educated citizens in democratic countries should know, like scarcity, opportunity cost, supply and demand, all the different ways economies are "managed," and more.

In the manner of The Armchair Economist, The Undercover Economist, or Naked Economics, Osborne uses current examples to illustrate the principles that underlie tragedies like the Greek economy or the global market meltdown of 2008, and triumphs like the continuing dominance of Silicon Valley in the tech world or why New York City markets are stuffed with goods despite the difficulty in getting them there.

As Osborne points out, the future, in economic terms, has always been better than the past, and he shows you how to use that knowledge to improve your life both intellectually and materially.

• How to think like aneconomist and better understand the world and your place in it
• Basic economic conceptslike supply and demand and marginal costs and benefits
• How and why peoplerespond to incentives, and why this is a life-changing idea
• Why the crowd is invariably wise and what to learn from it
• Why speculators and "middlemen" improve life not just for themselves but for the rest of us
• Why living standards have risen dramatically in the last century and why they will continue to as time marches on
• Why taking advantage of "decentralized knowledge" to pounce on opportunity is critical for your success

The audience for this book is anyone who wants to know answers to such questions as why the price of gasoline rises and falls dramatically, whether we are i...