Description
Economic news has been making major worldwide headlines in recent months, but those among us who live outside the esoteric world of high finance are too often mystified by bankers' and economists' jargon. Author Katie Huston has come to our rescue with Tweetonomics, an entertaining and informative book that explains each of the most important economic terms and ideas in 20 "tweets" or less. Limiting her explanations to 140-character "tweets," she resorts to clear, simple English that flies straight to the point. In nine chapters she explains how the economy works, the role of governments, the big economic ideas, and the thinkers like Adam Smith and John Maynard Keynes who created them. Here are short and sweet definitions of terms that include-- Free Market * Supply and Demand * GDP Balance of Trade * Monetarism * Keynesianism Marxism * Derivatives Market * Stock Options Hedge Funds * Dow Jones * NASDAQ Credit Default Swaps * Fannie Mae * Freddie Mac . . . and many more. In these extraordinary economic times Tweetonomics is a book that belongs on everybody's must-read list. Brief, pithy, and to-the-point definitions are complemented with clever cartoon illustrations.
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(back cover) Ever wondered what futures and derivatives are, or puzzled over the difference between fiscal policies and monetary policies? What is the balance of trade, and what are Â"sticky pricesÂ"? This entertaining, handy little guide reveals all, in refreshingly simple bite-size tweets. Presents 140 money-spinning terms and intriguing ideas in no more than 20 tweets, each of 140 characters or less. Profiles the most important economists of the past 150 years and the thinking behind the economic strategies of political parties and governments. Includes an informative glossary of essential economic terms in an innovative format that is easy to read and assimilate. (front flap) We hear a lot about economics in the news these days, but how much do we really understand? All too often experts assume their audience knows as much about the subject as they do. For instance, what is a balance of trade deficit? Why do interest rates affect the amount of cash in circulation? Who sets interest rates? Tweetonomics pecks a hole in the jargon and explains the 140 most important economic terms and concepts in 20 Â"tweetsÂ" or less. The book is divided into nine chapters covering such issues as globalization, boom and bust, Â"GreenÂ" economics, and the everyday workings of national economies. It also gives an overview of the past 150 years and the people who shaped them. (back flap) Nic Compton has been a journalist for 16 years, contributing to a variety of publications. He completed an M.A. in Global Political Economy at Sussex University, U.K. in 2007Â-09 and is the author or co-author of nine books. Adam Fishwick is currently a D. Phil. researcher at the University of Sussex, U.K., studying Latin American political economy. He works for the Centre for Global Political Economy and has a MasterÂ's degree in Global Political Economy. Katie Huston holds a MasterÂ's degree in global political economy and a B.A. in journalism. She has worked as a consultant for the Economic Policy Research Institute of South Africa and written for publications that include The Boston Globe and The Cape Town Globalist.
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