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G**R
Great, easy-on-the-eyes book about economics and the global economy
While it occasionally and unsurprisingly reflects trendy topics, this beautiful, oversized hardcover contains diverse, wonderful infographics and voluminous data on the global economy and economics in general, good for any age person, including me and you! First published in German two years ago.Highly recommended!!!
K**P
Ease of learning to the MAX for a very complex set of topics!
The media could not be loaded. Amazing book for a knowledge seeker!! We bought it for my son(6th Gr) book report. But soon it became a nonstop dialogue between us. We can’t even put it down. An awesome book, excellent way to learn very complex topics. Thanks to the authors and publishers to create such a gem. Highly recommend for anyone wanting to learn how today’s economy works in a very easy consumable way! Feel lucky that we found this book,
D**N
best book on economics
I have an MBA and know a bit about business... I just love how simple and thoughtfully this book exemplifies what economics is all about.... I bought for my kids as it makes Economics interesting and engaging.... Whoever wrote it, great job, great contribution.Davi
D**N
Great book for both adults and children
My husband and I first found the book in Strand and were astonished by the design and content of the book -- my husband works in the financial industry with three degrees in economics who finds there are interesting and brand new stuffs there in the book.
J**O
Great graphics, great value but an egregious error
Great graphics and content and amazing value for money in this book.Some inaccuracies though - one in particular being a show stopper. On Page 79, they say "banks are allowed to loan out an amount equal to it's demand deposits..."This is laughably wrong. Banks are NOT constrained by their existing deposits when making loans. Banks can loan out literally ANY amount they want, constrained only by capital and central bank reserve requirements, not by the amount of their existing deposits.Banks can easily acquire reserves AFTER makings loans (via Fed funds, Federal Reserve discount window, Interbank loans, etc, etc.). This is certainly true in the USA (and has been for decades), and is certainly true in Canada and certainly true in the UK as well. This is also true in almost any other Western economy.To give a concrete example, a USA bank that has ZERO dollars in deposits can loan money, say 100 million dollars (they would need to have approx 8 million in federal reserves and another, say 8 million in capital requirements as per Basel 2 standards). They could get the capital requirements from the loan itself (origination fee) and borrow the federal reserves from the federal reserve discount window. Certain credit worthiness standards for the loan itself would apply (banks are regulated) but in a nutshell, the bank is NOT constrained in making the 100 million dollar loan (even though, in this hypothetical example, it has exactly ZERO dollars in existing deposits).If the authors can make such an elementary mistake, I do wonder what else is subtly wrong in this book. Hopefully the authors are reading this and will correct such obvious mistakes in the next edition.
M**S
Awesome book
This book is awesome. Great images and ideas behind the images. They choose very interesting use cases to explain the economy. Tons of great information in here.
G**G
Great for a student
I have bought this book twice, once as a gift/study material for my high school daughter. The 2nd for a gift of my daughters when see saw the book. Great illustrations and summaries of current global information.
A**T
Fantastic Formating
I very much enjoyed looking through this book. Its pretty enough for the coffee table, but has plenty of statistics. What a neat book.