图书简介
Writing in plain English, without equations or technical terms, this book explains why economists get so many things wrong by providing multiple examples in monetary and fiscal policy.
We cut through the assumptions that economists often employ and describe how many traditional practices often lead them woefully astray.
Our topics range from inflation, taxes, and debt, to demographics and crypto-currencies. Our objective is to provide thoughtful and clear explanations of complicated subjects without resorting to mathematical equations or technical jargon, often used by economists to obscure flawed arguments rather than to tighten the logic and guide the reader.
Key Features:
oEconomics Gone Astray is a collection of essays on critical topics in macroeconomics that frame the issues in terms of clearly stated assumptions, highlighting the errors often made by professional economists, and allowing readers to better analyze market behavior and the economic consequences of policy decisions
oThe book differs from textbook economics, as tackles sophisticated topics without using mathematics or technical jargon. This makes the book highly accessible to all types of readers, from investors and investment professionals, to professors and their students
oThe book’s style integrates a large quantity of clearly drawn charts which help anchor the readers’ perceptions of the topics being examined, from inflation to taxes, to demographics
Introduction; Inflation: Why So Low for So Long; Debt: Dangers of Excess; Taxes and Growth: Why Tax Cuts do not Necessarily Stimulate Economic Growth; Yield Curve: Predicting Recessions; Demographics: Appreciating Economic Growth Potential ; Wages & Productivity: Structural Change are Crucial to Understand; Bitcoin Economics; Volatility and Uncertainty; Market Regulation: Origins and Cultural Perspectives; Machine Learning: Challenges for Financial Market Predictive Analytics Suggest a Bayesian Solution; Portfolio Optimization: Revolutionizing Risk Assessment Systems; Death by Simulation; Essential Concepts Necessary to Consider When Evaluating the Efficacy of Quantitative Easing; Financial Crisis: Lessons from Different Management Approaches; A Bayesian Interpretation of the Federal Reserve’s Dual Mandate and the Taylor Rule;
Trade Policy 买家须知
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