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Economics Explained: Everything You Need to Know About How the Economy Works and Where It's Going

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Title: Economics Explained: Everything You Need to Know About How the Economy Works and Where It's Going
by Robert Heilbroner, Lester Thurow
ISBN: 0-684-84641-1
Publisher: Touchstone Books
Pub. Date: 01 May, 1998
Format: Paperback
Volumes: 1
List Price(USD): $14.00
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Average Customer Rating: 3.38 (21 reviews)

Customer Reviews

Rating: 5
Summary: My handy reference to Economic Theory
Comment: At times, I find myself reading other books that refer to various economic theories that I am either unaware of or do not fully understand. I have found that Heilbroner and Thurow have done a very thorough job in this work to create a laymens book on economics that is easy to read and understand. I have found that this book in particular, serves my needs very well, as a primer on basic economic theory.

Robert Heilbroner is an excellent writer, notwithstanding his liberal slant. Lester Thurow, was the author of my college econimics text. The combination of the two, creates a powerful synergy and delivers a superb product.

I believe you will find the book reader-friendly: Easy to read, full of answers to of the laymens questions, and even somewhat enjoyable to read.

Rating: 3
Summary: Liberal vs. Conservative Views of Economics
Comment: The co-author, Robert Heilbroner is a delightfully articulate speaker and thinker. I read his "Worldly Philosophers" while in high school and loved it -- it kicked off a life-long study of economics and politics. My undergraduate economics course used Heilbroner's very famous friend Paul Samuelson's textbook. My grad school used Heilbroner's text book on economics, among others. I was one of Prof. Thurow's students at MIT. So, my bona fides show that I like and know both these authors' works and respect their intellect.

However, the authors' views of economics and their political leanings are inseparable. Economics and politics are so closely related that they cannot help but deeply influence each other. One cannot be 'objective' about economic theory, however high one's integrity. This is the reason why I want to point out to readers of Profs. Thurow and Heilbroner's works that both authors lean to the political Left. The other side of the political spectrum is well represented by authors such as Hayek and Friedman whose works are also very readable and thought provoking, who offer a point of view that 'balance' that of Heilbroner, Thurow, Samuelson, Gailbraith.... I strongly suggest that 'beginners' in economics read broadly from both the Left and the Right thinkers on how to generate and allocate economic resources.

Rating: 5
Summary: A great place to brush up or begin your econ studies
Comment: I really admire this writer a great deal because he has a gift for making complex concepts clear as crystal. I don't know about you, but I am sick of overly sarcastic or "humorous" approaches to series topics - the whole "atomic fusion for dummies" style of writing. I find a clear, insightful explanation entertaining enough, thanks. When I read this book, I found it thrilling because all the basic economic principles we all live with everyday (but so often are clouded in mystery) suddenly opened up before me because of the author's clarity.

It is true that Mr. Heilbroner is a liberal\democratic leaning economist. He admits that up front, however, in the introduction, and he promises the reader that all points of view in the book will be clearly marked as opinion and never given as fact. I should say that I lean to the right heavily, and I did not find this book unfair or overly biased at all. If you are a conservative like me, do not omit this book because of the author's stated economic preferences. It is a wonderful book full of deep insights and observations, written for serious grown-ups looking for an introduction into the fascinating world of economics. --Mykal Banta

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