---
product_id: 7558601
title: "Economics For Dummies 2Nd E Paperback – April 8, 2011"
brand: "phd sean flynn"
price: "€ 30.50"
currency: EUR
in_stock: true
reviews_count: 9
url: https://www.desertcart.ie/products/7558601-economics-for-dummies-2nd-e-paperback-april-8-2011
store_origin: IE
region: Ireland
---

# Economics For Dummies 2Nd E Paperback – April 8, 2011

**Brand:** phd sean flynn
**Price:** € 30.50
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- **What is this?** Economics For Dummies 2Nd E Paperback – April 8, 2011 by phd sean flynn
- **How much does it cost?** € 30.50 with free shipping
- **Is it available?** Yes, in stock and ready to ship
- **Where can I buy it?** [www.desertcart.ie](https://www.desertcart.ie/products/7558601-economics-for-dummies-2nd-e-paperback-april-8-2011)

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## Customer Reviews

### ⭐⭐⭐⭐⭐ 5.0 out of 5 stars







  
  
    I'm interested in economics for the same reason as physics
  

*by C***® on Reviewed in the United States on July 3, 2013*

Because both describe the reality in which I find myself every day. While physics describes the world in terms of mass, motion, and energy, economics describes the world in terms of costs, constraints, and choices.I am not an economist. My degrees are both in computer science. I had a year of economics as an undergraduate, and only then because it was required, and that was nearly nearly forty years ago. Although I aced those courses, I was far too young and inexperienced to appreciate the material. Since then I've gotten interested in topics in economics for both professional and personal reasons. I wanted a readable introduction that would let me understand microeconomics as it applied to my business, and macroeconomics as it applied to what I was hearing and reading on the news. This book fulfilled those goals very well indeed.This book is a remarkably readable introduction to both micro- and macroeconomics. I read it cover to cover, front to back. I did pause now and then to ponder a graph. And once to calculate a second derivative on a coffee shop napkin, but that was mostly just to see if I could remember how to do it. Occasionally I'd make a brief note in the margins to remind myself how the material applied to something in my own life and work.Like it or not, you are part of the economic world just as you are part of the physical world. I recommend this book as a way to understand the world around you better.

### ⭐⭐⭐⭐ 4.0 out of 5 stars







  
  
    Especially Strong on the Theory of Market Intervention
  

*by H***S on Reviewed in the United States on September 22, 2011*

I will actually discuss three books in this review. All are books on self-learning of economic theory for serious beginners.Sean Flynn, Economics For Dummies (Wiley, 2011)Tom Gorman, The Complete Idiot's Guide to Economics (Penguin, 2003)Steve Slavin, Economics: A Self-Teaching Guide (Wiley, 1999)People often ask me what to read to learn the type of basic economic theory that is taught in university graduate and undergraduate courses. This is somewhat difficult because most writers for the general public have some sort of political axe to grind and present a one-sided version of the theory, or a complete alternative to the theory. I have nothing against such writers, but I will always suggest that readers also/instead of/before reading these political pleadings, find out what the general "received wisdom" is.It may seem that there is no "received wisdom" that is shared by most economists, but this is not the case. Except in the area of macroeconomic policy, there are few disagreements. In the macroeconomic area, the standard models are pretty awful, but economic policy types have deeper problems: general models can show you the general direction of effects, but when there are offsetting directions, only quantitative evidence can supply a credible answer. For instance, increasing government expenditure to lower the unemployment rate may be offset by the effects of government debt on interest, inflation, and growth rates. Only careful attention to details can determine the net effect of the policy, and even this is subject to significant error. However, you cannot even begin to assess economic policy seriously unless you know basic economic theory.The books reviewed here are basic starting points for gaining a facility in economic theory. Alternatively, you can simply buy one of the leading undergraduate textbooks and plow through it. The textbook will be more demanding, very fat, and quite expensive. Before doing this, I advise that you tackle one or more of the above volumes. They are all quite good, and it wouldn't hurt to read them all. But, here are my impressions.Economics for Dummies is the most sophisticated of the three books and covers extremely important material left out of the others. This includes an analysis of property right, market externality, public goods, asymmetric information, and other absolutely fundamental aspects of modern economic theory, which is really the theory of the interaction between markets and macroeconomic regulation for efficiency and stability. It rather weak on national income accounting (none of the books is strong in this very difficult area), and it does no general equilibrium analysis (e.g., the very instructive Edgeworth box is missing). Finally, the book rather slights statistical information on the economy and give little historical perspective.The Complete Idiot's Guide to Economics is a little out of date (2003), and is especially concerned with regulatory policy in dealing with volatile economies. It has lots of interesting statistics, and gives a detailed explanation of the Federal Reserve and its operation. It is similarly strong on analyzing international trade and exchange rates. Read this after Economics for Dummies.Economics: A Self-Teaching Guide cannot deal with recent economic issues because it was published in 1999, but it is well worth reading. It is especially strong on economic history and it presents in some detain the various schools of thought in macroeconomic theory. It also does considerable national income accounting, which I consider a prerequisite to understanding current economic issues. Its microeconomics sections are rather brief. It is certainly not a substitute for Economics for Dummies.If readers have comments and/or suggestions of these or other candidates for learning basic economic theory, please pass them on to me.

### ⭐⭐⭐⭐⭐ 5.0 out of 5 stars







  
  
    What I Should Have Learned in Econ 101
  

*by M***S on Reviewed in the United States on May 23, 2011*

Had I read Economics for Dummies before I took the Econ 101, the class would have made much more sense.  I finally understand how the government puts money into the economy, why many stimulus measures may not work at all, and the futility of price supports.  While my huge Econ textbook contained arcane terms and copious footnotes, it's nice to know that the basic concepts of economics depend on neither of these.  I suspect the author of having conservative leanings, and I suspect that some of his arguments are either oversimplified or have another side not presented here, but for the modest price of this book, I certainly gained insight for evaluating the political fray which is currently taking place and really obtained more useful information than I gained in the $1,000 class.  (This book was provided to me by the Amazon Vine program, but I also bought a copy for my Kindle; every time I had a moment to read the free copy, I found it in my husband's hands!  Oh, by the way, much as I love my Kindle, this is not a good book to read there.  Increasing the type size does not increase the size of the formulas, leaving them very difficult to read.)

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