Description
Book SynopsisNavigate the economy with this insightful new book The world is awash with economic information. Governments release reports. Pundits give their interpretation on television. And the stock market may go its own way, confusing everyone.
Trade Review“Readers fearful (and rightly so) that a book about economics is probably dry and impenetrable can relax. Naroff and Scherer have delivered their ideas in richly readable stories, such as the tales of a trucker and a Tex-Mex restaurant that enliven the first chapter.”
—Kevin Post, Business Editor, Press of Atlantic City, April 26, 2014
Table of ContentsPreface ix
Acknowledgments xiii
Chapter 1: Introduction to the Economics of Context 1
Chapter 2: The Federal Reserve, Congress, and the Use of Context in Economic Policy 15
Chapter 3: We are All Economists and Don’t Know It 35
Chapter 4: How a Perfect World Would Work 57
Chapter 5: Shopper Nation: Why We Buy or Don’t Buy 79
Chapter 6: How is a Can of Tuna Like a Smartphone? Yes, Context! 101
Chapter 7: When to Spend, When to Cut, and When to Scratch Your Head Over the Federal Budget 123
Chapter 8: Tax Policy: Does Cutting Taxes Cure All Ills? 149
Chapter 9: Monetary Policy: Money, or Maybe the Federal Reserve, Makes the World Go ’Round 169
Chapter 10: The Panama Canal Widens and the Middle Class Grows in China—How Does That Affect Indiana? 187
Chapter 11: What Do We Do Now? 207
About the Authors 227
Index 229
