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How the economy works
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- Lemon Quarter
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How the economy works
I'm looking for some relative straightforward background articles about economics and how the economy works for my son who is doing economics GCSE if anyone sees any.....cheers.
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- Lemon Pip
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Re: How the economy works
Hi SteMiS
You could try this.http://www.researchandmarkets.com/repor ... conomy.pdf
Written by a journalist which has its drawbacks, but it is more engaging for it and at this stage may just be the perfect balance for your son.
Coleyfish
You could try this.http://www.researchandmarkets.com/repor ... conomy.pdf
Written by a journalist which has its drawbacks, but it is more engaging for it and at this stage may just be the perfect balance for your son.
Coleyfish
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- Lemon Half
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- Lemon Pip
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Re: How the economy works
SteMiS wrote:I'm looking for some relative straightforward background articles about economics and how the economy works for my son who is doing economics GCSE if anyone sees any.....cheers.
I found this book really informative and enlightening, and very easy to read.
https://www.amazon.co.uk/Ouch-Ignorance ... +economics
However, it could ruin his life.
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- Lemon Quarter
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Re: How the economy works
BrianCaltox wrote:However, it could ruin his life.
At the moment I'll just settle for an A* in his economics GCSE...lol
Thanks for all the sugggestions. I'll have a look.
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- 2 Lemon pips
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Re: How the economy works
SteMiS wrote:I'm looking for some relative straightforward background articles about economics and how the economy works for my son who is doing economics GCSE if anyone sees any.....cheers.
I suggest "Economics in One Lesson" by Henry Hazlitt.
Your son will really understand economics but this might be a hindrance to passing his gcse.
Vision25
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- Lemon Slice
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Re: How the economy works
SteMiS wrote:I'm looking for some relative straightforward background articles about economics and how the economy works for my son who is doing economics GCSE if anyone sees any.....cheers.
How about the 10 part TV series "Free to Choose" by Milton Friedman?
https://www.youtube.com/results?search_ ... +to+choose
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- Lemon Quarter
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Re: How the economy works
Remember, however, the old chestnut about the Economics lecturer who set the same exam questions two years in a row. When tasked about this, he replied "The questions may be the same but the answers are now different"
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- Lemon Slice
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Re: How the economy works
stewamax wrote:Remember, however, the old chestnut about the Economics lecturer who set the same exam questions two years in a row. When tasked about this, he replied "The questions may be the same but the answers are now different"
For which there may be a very good reason... As Keynes was reported to say:
When the facts change, I change my mind. What do you do, sir?
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- Lemon Slice
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Re: How the economy works
Have a look at this - A 70 year old water powered computer computer designed to simulate the British economy.
https://en.wikipedia.org/wiki/MONIAC
There are other pages and videos to be found using the search 'moniac', there are a few of these machines dotted here and there around the world including one in the Science Museum in London.
Regards,
B.
https://en.wikipedia.org/wiki/MONIAC
There are other pages and videos to be found using the search 'moniac', there are a few of these machines dotted here and there around the world including one in the Science Museum in London.
Regards,
B.
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- Lemon Quarter
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Re: How the economy works
There is actually a huge amount of "fun" stuff about economic ideas available.
From the currently running BBC radio series "50 things that made the modern economy"
http://www.bbc.co.uk/programmes/p04b1g3c
Through the BBC series "Elements" Which explains how elements are extracted and the part that they play in the modern economy.
http://www.bbc.co.uk/programmes/p01rcrn ... /downloads
Then there's econtalk (thanks PB for recommending it years ago)
http://econtalk.org/
Finally, re the fluidic computer :- this may be of interest (though it's not about economics)
https://grantvillegazette.com/wp/article/publish-382/
There are some interesting fictional short stories in the 1632/grantville universe that both explain ecconomic ideas and revolve around them.
ie
https://en.wikipedia.org/wiki/The_Grant ... _Circle.22
I'm not involved and recieve no benefit, but if you are interested the publisher allowes you to read the first few chapters of the story in "The Barbie consortium" to decide if you want to spend any money. Here's a link.
http://www.baen.com/Chapters/9781625793 ... 793584.htm
From the currently running BBC radio series "50 things that made the modern economy"
http://www.bbc.co.uk/programmes/p04b1g3c
Through the BBC series "Elements" Which explains how elements are extracted and the part that they play in the modern economy.
http://www.bbc.co.uk/programmes/p01rcrn ... /downloads
Then there's econtalk (thanks PB for recommending it years ago)
http://econtalk.org/
Finally, re the fluidic computer :- this may be of interest (though it's not about economics)
https://grantvillegazette.com/wp/article/publish-382/
There are some interesting fictional short stories in the 1632/grantville universe that both explain ecconomic ideas and revolve around them.
ie
https://en.wikipedia.org/wiki/The_Grant ... _Circle.22
.. one girl has a dinner conversation involving "Federal Reserve [Bank] Fairies", who magically make more money and regulate the economy.
I'm not involved and recieve no benefit, but if you are interested the publisher allowes you to read the first few chapters of the story in "The Barbie consortium" to decide if you want to spend any money. Here's a link.
http://www.baen.com/Chapters/9781625793 ... 793584.htm
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- Lemon Slice
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Re: How the economy works
Then there's econtalk (thanks PB for recommending it years ago)
http://econtalk.org/
Hi Urbandreamer,
Thank you, one of the most enjoyable parts of participating on these boards is to enhance the life of someone else on occasion.
I've found the NPR Planet Money podcast an essential listen. Much lighter than econtalk which can go on a bit.
http://www.npr.org/sections/money/
Youtube has the Keynes vs. Hayek Rap Battle videos parts one and two which are the best rap I've ever listened to.
Regards,
B.
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- Lemon Pip
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Re: How the economy works
Just spotted the reference to OUCH. I know Paul and his experience as a gold bug has been far from profitable so far. He spends most of his time praying for Armegedon and the four horses of the apocalypse to rescue him from the positions he has in the yellow metal. Perhaps the US president may come up Trumps for him. Hardly good economics advice for the YOOF.
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- Lemon Quarter
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Re: How the economy works
Snowbadger wrote:Just spotted the reference to OUCH. I know Paul and his experience as a gold bug has been far from profitable so far. He spends most of his time praying for Armegedon and the four horses of the apocalypse to rescue him from the positions he has in the yellow metal. Perhaps the US president may come up Trumps for him. Hardly good economics advice for the YOOF.
I can't comment upon the book or the validity of the theorys in it, however I would really hesitate to draw conclusions about knowledge of economic theory based upon investment performance. Economics is a theory about why we do stuff. I can only assume that the linkage to investment came about with Keynes.
Economists have different theorys and ecconomic history shows that economic life is not a narrow path. Cultural mores effect economic behaviour.
Free trade may allow the invisible hand to reduce costs increasing the wealth of all, or do we adopt a mercantile approach where we regard wealth to be a pot with a fixed size and attempt to increase our wealth by increasing our share? We know Mr Trumps stance.
Ps I'm currently working my way through this book (as an audiobook) and can certainly recommed it.
http://www.goodreads.com/book/show/3157 ... since-1400
It ISN'T how "the economy works" but how it use to work at different times in different places.
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- Lemon Quarter
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Re: How the economy works
(Not read the thread but just adding:)
Freakonomics is good, and a light-hearted, way to understand economics and how it affects day to day life. I think there are two or three books now.
Similarly More or Less podcasts from R4 are fab.
Mel
Freakonomics is good, and a light-hearted, way to understand economics and how it affects day to day life. I think there are two or three books now.
Similarly More or Less podcasts from R4 are fab.
Mel
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- Lemon Quarter
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Re: How the economy works
And this, maybe a bit out of date now, but worth reading:
https://www.amazon.co.uk/dp/B00546DPB6/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
Mel
https://www.amazon.co.uk/dp/B00546DPB6/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
Mel
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