Discover everything you need to know about Economics.

What is Economics? Why do consumers borrow and save? How do economic systems work? Money and investing can be daunting. This book covers all of the key aspects of economic theory and history.

How Economics Works brings you the facts visually explained.

With this simple Economics book, you can find:

- An introduction to complex concepts and new ideas for beginners

- A systematic layout of text and graphics to make the topic of Economics more approachable

- Different materials, diagrams, and theories to supplement studies

- A practical, no-nonsense approach assisting you with understanding the fundamentals of Economics

- Find chapters that outline fundamentals, microeconomics, macroeconomics, trade, and finance.

At DK, we are fascinated by How Stuff Works. So why stop here?

How Economics Works is part of DK's widely successful How Stuff Works series. Discover the inner workings of the mind with How the Brain Works, succeed in all things Science with How Science Works and discover the cosmos like you've never known before with How Space Works. Whatever topic sparks your interest, there's so much more to unpack!

Edible Economics brings the sort of creative fusion that spices up a great kitchen to the often too-disciplined subject of economics

For decades, a single, free-market philosophy has dominated global economics. But this intellectual monoculture is bland and unhealthy.

Bestselling author and economist Ha-Joon Chang makes challenging economic ideas delicious by plating them alongside stories about food from around the world, using the diverse histories behind familiar food items to explore economic theory. For Chang, chocolate is a lifelong addiction, but more exciting are the insights it offers into postindustrial knowledge economies; and while okra makes Southern gumbo heart-meltingly smooth, it also speaks of capitalism's entangled relationship with freedom.

Myth-busting, witty, and thought-provoking, Edible Economics serves up a feast of bold ideas about globalization, climate change, immigration, austerity, automation, and why carrots need not be orange. It shows that getting to grips with the economy is like learning a recipe: when we understand it, we can adapt and improve it--and better understand our world.

This book addresses one of the most pressing geopolitical inquiries of our era: how will China's ambition manifest on the global stage? To address this question, the book considers China's long tradition of statecraft. By doing this, it provides a unique and novel insight into the why behind China's actions and sparks a crucial dialogue on how to best navigate China's global rise.

Through a keen analytical lens, the book illuminates both the constraints and the flexibility inherent in Chinese policy-making. It underscores the geographic and historical factors that constrain China's actions, forcing its leaders into trade-offs. It also highlights the system's inherent flexibility, expanding the range of strategic options available when dealing with China. The most unique contribution consists in framing the pre-occupations of contemporary China in the context of both long-standing Chinese trends and unprecedented global changes.

This book offers a nuanced and realistic guide for senior policy makers, business leaders, academic researchers, and global citizens who seek to decipher the enigma of China's ascent and channel its trajectory towards a more positive and responsible direction.

After two decades of reinvention, Japanese companies are re-emerging as major players in the new digital economy. They have responded to the rise of China and new global competition by moving upstream into critical deep-tech inputs and advanced materials and components. This new aggregate niche strategy has made Japan the technology anchor for many global supply chains. Although the end products do not carry a Japan Inside label, Japan plays a pivotal role in our everyday lives across many critical industries.

This book is an in-depth exploration of current Japanese business strategies that make Japan the world's third-largest economy and an economic leader in Asia. To accomplish their reinvention, Japan's largest companies are building new processes of breakthrough innovation. Central to this book is how they are addressing the necessary changes in organizational design, internal management processes, employment, and corporate governance. Because Japan values social stability and economic equality, this reinvention is happening slowly and methodically, and has gone largely unnoticed by Western observers. Yet, Japan's more balanced model of caring capitalism is both competitive and transformative, and more socially responsible than the unbridled growth approach of the United States.

Descubre todo lo que necesitas saber sobre economía.

Qué es la economía? Por qué los consumidores ahorramos dinero o lo pedimos prestado? Qué tipos de sistemas económicos existen? Entender todo lo relativo al dinero y a las inversiones puede resultar abrumador. Para hacértelo más fácil, este libro te explica los aspectos clave de la historia y la teoría económica.

Adéntrate en este libro de economía y encuentra:

• Texto simple y gráficos paso a paso con los que entenderás más fácilmente el mundo de la economía.
• Capítulos que abordan temas como los fundamentos de la economía, la microeconomía, la macroeconomía, el comercio y las finanzas.
• Diagramas, imágenes e infografías que te ayudarán a entender las explicaciones de manera visual y más rápidamente.
• Datos fascinantes y respuestas a las preguntas de economía más importantes.

Si tienes curiosidad y quieres aprender más sobre el funcionamiento de otras cosas... no te detengas aquí y sigue leyendo!

Cómo funciona la economía pertenece a la colección de DK How it Works, Cómo funciona en español, que te explica temas complejos de forma clara y visual a través de infografías, textos sencillos e información fácil de entender tanto para estudiantes como para lectores generales que quieren ampliar sus conocimientos. Descubra el funcionamiento de la mente con Cómo funciona el cerebro, descubre cualquier rama de la ciencia con Cómo funciona la ciencia y explora el cosmos como nunca antes lo habías hecho con Cómo funciona el espacio. Hay mucho por aprender!

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Discover everything you need to know about Economics.

What is Economics? Why do consumers borrow and save? How do economic systems work? Money and investing can be daunting. This book covers all of the key aspects of economic theory and history.

How Economics Works brings you the facts visually explained.

With this simple Economics book, you can find:

• An introduction to complex concepts and new ideas for beginners
• A systematic layout of text and graphics to make the topic of Economics more approachable
• Different materials, diagrams, and theories to supplement studies
• A practical, no-nonsense approach assisting you with understanding the fundamentals of Economics

Find chapters that outline fundamentals, microeconomics, macroeconomics, trade, and finance.

At DK, we are fascinated by How Stuff Works. So why stop here?

How Economics Works is part of DK's widely successful How Stuff Works series. Discover the mind's inner workings with How the Brain Works, succeed in all things Science with How Science Works, and discover the cosmos like you've never known before with How Space Works. Whatever topic sparks your interest, there's so much more to unpack!

Helps to lift the lid on what makes Northern Europe tick.--Forbes Magazine

Liberals worldwide invoke Scandinavia as a promised land of equality, while most conservatives fear it as a hotbed of liberty-threatening socialism. But the left and right can usually agree on one thing: that the Nordic system is impossible to replicate elsewhere. The US and UK are too big, or too individualistic, or too . . . something.
In Viking Economics--now with a new afterword by the author--George Lakey dispels these myths. He explores the inner workings of the Nordic economies that boast the world's happiest, most productive workers, and explains how we can enact some of the changes--including universal healthcare, affordable childcare, and a month of paid vacation for all--that the Scandinavians fought for surprisingly recently. We, too, can refuse to be governed by the elites and embrace equality in our economic policy--here's how.

The Community of Advantage asks how economists should do normative analysis. The growing consensus in favour of paternalism and 'nudging' has urged normative analysis towards the satisfaction of individual's preferences. Its conclusions have supported a long-standing liberal tradition of economics that values economic freedom and views markets favourably. However, behavioural research shows that individuals' preferences, as revealed in choices, are often unstable, and vary according to contextual factors that seem irrelevant for welfare. Robert Sugden proposes a reformulation of normative economics that is compatible with what is now known about the psychology of choice.

Reformulations that assume that people have well-defined 'latent' preferences which, because of psychologically-induced errors, are not always revealed in actual choices. According to these reformulations, the economist's job is to reconstruct latent preferences and to design policies to satisfy them. Challenging the controversial idea of using behavioural insights to guide public policy The Community of Advantage argues that latent preference and error are psychologically ungrounded concepts, and that economics needs to be more radical in giving up rationality assumptions.

Sugden advocates a kind of normative economics that does not use the concept of preference. Its recommendations are addressed, not to an imagined 'social planner', but to citizens, viewed as potential parties to mutually beneficial agreements. Its normative criterion is the provision of opportunities for individuals to participate in voluntary transactions. Using this approach, Sugden reconstructs many of the normative conclusions of the liberal tradition. He argues that a well-functioning market economy is an institution that individuals have reason to value, whether or not their preferences satisfy conventional axioms of rationality, and that individuals' motivations in such an economy can be cooperative rather than self-interested.

Those who believe Europe to be weak and ineffectual are wrong. Turning conventional wisdom on its head Why Europe Will Run the 21st Century sets out a vision for a century in which Europe will dominate, not America. This is the book that will make your mind up about Europe.

Those who believe Europe is weak and ineffectual are wrong. Turning conventional wisdom on its head, Mark Leonard, one of the UK's most visionary thinkers, argues that Europe is remaking the world in its own image.

Europe only looks dead because it is seen through American eyes. But America's reach is shallow and narrow. It can bribe, bully or impose its will anywhere in the world, but when its back is turned its potency wanes. Europe's reach is broad and deep, spreading its values from Albania to Zambia. It brings other countries into its orbit rather than defining itself against them, and once countries come under the influence of its laws and customs they are changed for ever.

This book sets up a challenge: to regard Europe not as a tangle of bureaucracy and regulation, but as a revolutionary model for the future. We cannot afford to forget that Europe was founded to protect us against war and that it is now key to the spread of democracy. 'Why Europe Will Run the 21st Century' addresses Europe's place in the world, looks to the past and the future and argues, provocatively, that it can and will shape a new and better world order.

In this updated, second edition of the highly acclaimed international best seller, The Dollar Crisis: Causes, Consequences, Cures, Richard Duncan describes the flaws in the international monetary system that have destabilized the global economy and that may soon culminate in a deflation-induced worldwide economic slump.

The Dollar Crisis is divided into five parts:

Part One describes how the US trade deficits, which now exceed US$1 million a minute, have destabilized the global economy by creating a worldwide credit bubble.

Part Two explains why these giant deficits cannot persist and why a US recession and a collapse in the value of the Dollar are unavoidable.

Part Three analyzes the extraordinarily harmful impact that the US recession and the collapse of the Dollar will have on the rest of the world.

Part Four offers original recommendations that, if implemented, would help mitigate the damage of the coming worldwide downturn and put in place the foundations for balanced and sustainable economic growth in the decades ahead.

Part Five, which has been newly added to the second edition, describes the extraordinary evolution of this crisis since the first edition was completed in September 2002. It also considers how the Dollar Crisis is likely to unfold over the years immediately ahead, the likely policy response to the crisis, and why that response cannot succeed.

The Dollar Standard is inherently flawed and increasingly unstable. Its collapse will be the most important economic event of the 21st Century.

The most current text of its kind, The Evolution of Economic Systems: Varieties of Capitalism in the Global Economy explores the effects of politics and culture on the nature of national economic systems. Author Barry Clark distills recent academic work in such areas as comparative political economy, varieties of capitalism, new and old institutional economics, new economic sociology, and social systems of production, presenting the material in a conversational manner that makes it accessible for undergraduate students.

The Progressive Utilization Theory, known by its acronym Prout, is an alternative economic and social model that aims to correct the defects of both capitalism and communism. This booklet is a short introduction to the basic features of this economic model, showing how its emphasis on cooperatives and economic democracy can cure the problems of today. The principles upon which Prout is based are explained as is its vision for an improved system of political democracy and eventually an effective world government.

China, Trust and Digital Supply Chains presents a critical reflection on blockchain technologies in the context of their adoption in China and the world that China is engaged in and shaping. Approaching the issues of blockchain technology adoption and development on China's own terms is critical if policy makers and others are to make effective sense of one of the key dynamics shaping the next few decades of the global landscape.

The work challenges the 'trust' trope that dominates much discussion of blockchain technology's application. It argues, contrary to the predominant trust trope, that blockchain is not about trust at all. It shows that China's re-imagining of the 21st century global order is premised on driving intensified cross-border economic interactions without the presupposition of trust, and blockchain technology makes that possible. It also explores the paradox of technological decentralisation being taken up with vigour by a centralist polity, the role of blockchain technology as a critical condition of existence for the successful globalisation of China's digital currency initiative, and the need to devise governance institutions that are multilateral in nature, to reflect the multi-polar nature of decentralised information systems with domestic and cross-border permutations.

This book is of significant interest to readers of political economy, public policy, blockchain technology and Chinese studies.

New Age Economics compares the economic discipline with religion as individual behavior molders. The book starts by examining some very basic principles of economics. Next, the use of language to create impressions using meekness and competitiveness is demonstrated. A broad examination and comparison of Socialism, Communism, Capitalism, and Fascism in terms of economic activity and control follows. The book explains the presence of emotional, mental, and spiritual rewards/resources, when combined with the production and distribution of physical resources, makes for complicated economic calculations. Since many emotional, mental, and spiritual rewards are invisible, theses rewards are actually impossible to quantify creating the current problems worldwide which appear beyond traditional economic control. Lastly this book analyzes the Ten Commandments through an economic outlook as well as other viewpoints. The analysis supports a horizontal civilization structure which would make economic calculations much, much simpler and avoid the worst atrocities of underlying Totalitarian tendencies for leadership in any economic system when faced with overpopulation or anticipated failure foisting loser labels on those holding the bag of responsibility. This book is written in an informal, clear, informative style which both engages and at times entertains the reader. Encouraging the reader to think matters through for himself, the book provides a solid jumping off point for personal tailoring of the conclusions where everyone has a different social experience within the civilization environment. The anticipated impact on society and the reader is recognition of the role overpopulation plays in establishing and maintaining hierarchy structured civilizations. Additionally, the reader will come away with the recognition of each individual's worth and a personal philosophical inclination toward tolerance and love supported by a humane equality civilization structure with a generous survival resource safety net. Individual psychological healing and forgiveness will also result.

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This book examines China's new development policies, which seek to reposition China from export platform for a diverse array of low-cost consumer goods to technological leader in sectors linked to advanced manufacturing, artificial intelligence, electric vehicles, e-commerce, and new internet-related production networks oriented to China's large domestic market. Focusing on the post-2010 period, the book shows how China's central government programs and reforms (upgrading from above) are coupled with a wide variety of local government policies, firm strategies, and domestic economy shifts (upgrading from below) that link China's top-down programs into industrial growth on the ground. Placing China's current development push within a global value chain (GVC) context shows how Chinese development strategies and the global economy remain intertwined. This volume brings together international GVC experts and China-based researchers who have carried out detailed fieldwork and industry specific quantitative analyses of GVCs and development with important implications for policymakers in both developed and developing economies.

This book examines the problem of the innovation divide in the world economy, and convergence in innovation performance between leaders and followers, analysed through the prism of Chinese experiences, and explored from an European Union (EU) perspective. The rationale for research conducted in this book is an observation of a significant change in the geography of world innovation, reflected in the emergence of innovation hubs in developing countries and in the shift of manufacturing activity, including high and medium-high technology industries, to emerging economies, mainly China.

The book analyses the factors of Chinese innovation success in recent decades, such as: China's science, technology and innovation policy, increased R&D expenditures, human capital development and the development of clusters and highly specialized industries. It also focuses on the challenges for developed European economies, which are being at risk of losing their knowledge-related sources of competitive advantage. It also offers recommendations for future policy actions. The book's analysis goes beyond a cross-country comparison, taking into account a regional perspective. The reason for this regional dimension is the increasingly recognized importance of proximity in stimulating innovation processes, and an observed strong geographical polarization of innovation activity at specific regions seen in the emergence of clusters, particularly visible in China.

The monograph will provide an up-to-date reference for academics and students across a variety of disciplines. It will be of particular interest to researchers in the area of innovation and practitioners doing business in China, as well as policymakers at international, national and regional levels involved in designing and implementing innovation policy.

This book reviews China's strategic pathway over the last 1000 years and considers its prospects for ascending to high-income status by the end of the 21st century. It analyzes why, although China's chances of joining the global core are sound, they are not outstanding; in addition, it faces mounting challenges, internal and external alike. The argument is presented in the framework of dynamic-strategy theory, which is expounded here in novel form. This exposition includes a wide ranging survey of global history, with a focus on the development of the industrialisation paths of the major economies of today, including a detailed study of Japan's long-run strategic pathway.

The book's closing section presents a scenario-based discussion of China's potential place in the world in 2100. The analysis implies that China's zenith is likely to be reached slightly before mid-century, after which its relative economic scale will likely decline. Beyond that generalfinding, the scenarios investigate the wide range of plausible outcomes that China may experience: a range that the author contends is much wider for China than for nations under-pinned by less complex political-economies. Given its scope, the book will appeal to scholars of history, economics, geopolitics and sinology, and to anyone interested in learning about China's economic prospects at a time of increasingly heated ideological and empirical debates.

This book provides a thorough understanding of the key policy debates on international trade and investment for development with a focus on the East African Community (EAC) to strengthen Member States' capacity to develop policies to promote their exports' competitiveness and diversification. Beyond Member States', the book serves as a base for a deeper understanding of the challenges, opportunities and requirements of the intra-continental trade agreement which is now in sight with the ratification of the Tripartite (EAC-COMESA-SADC) Free Trade Area that is critical in addressing key constraints to trade in the African continent. Moreover, the lessons from this edited volume may also extend to the challenges and opportunities of the African Continental Free Trade Area.

The book brings together a comprehensive overview and an evidence-based analysis that can be considered best practice in the region. The trade and investment policy analysis of constraints and opportunities aims to improve trade and competitiveness and covers macro- (economy-wide), meso- (sectoral) and micro- (firm or household) levels. This multi-level approach is crucial for understanding how current trade and investment policies limit competitiveness and diversification in order to identify more tangible policy action for overcoming such constraints. The individual contributors follow comprehensive applied empirical approaches, and each chapter generates knowledge needed to identify key challenges and opportunities focusing on research-led policy-relevant approaches that enable readers to better understand national, bilateral, and multilateral cooperation as well as policies for sustainable development in East Africa. The contributors know the EAC context very well as their engagement in policymaking goes beyond the context of the papers they are writing about. The individual chapters were developed as part of a research and capacity building programme under the aegis of ACP and EUthat we implemented in 2020-2022. The research project well fits into the Frontiers in African Business Research series as we have many African contributors.

The contributions matter to policymakers and academic circles. For students, the book serves as an excellent guide for understanding international trade and investment theories and gaining up-to-date knowledge on developments in the world economy and their effects on developing countries and SDGs. Trade policy researchers and students will be able to extend theories and empirical data to address new and emerging topics beyond the settings already covered in the book.

This book explores East Asia's and the Asia Pacific's energy security exploring key issues including major trans-border energy projects, major country's energy mix policy, trans- border pipelines, LNG transfer between nations, balance of power relations between major powers, the North Korean energy situation, energy alliances, Belt and Road Initiative, Indo-Pacific Strategy, World Choke point and more. In particular, this book provides the detailed analysis of the current problems of energy security and diplomacy among various countries as well as policy implications. It will clearly serve as a manual to enhance energy security in the region and boost energy transaction as well as the pioneering step to conceptualize the notion of energy security among political circles, in the diplomatic community and energy industry as well as international relations academics.