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Economics Explained: Everything You Need to Know About How the Economy Works and Where It’s Going


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In its fourth edition, Economics Explained continues its announced purpose—to explain that mysterious thing called economics—with a new urgency.

It is announced in the first sentence of the introduction: “Just in case the reader-to-be hasn’t noticed, disturbing things are going on in the American economy these days.”

This new edition is about these disturbing things: a trend toward inequality of incomes, the appearance of a new “globalized” capitalism, the “specter” of inflation. As before, Robert Heilbroner and Lester Thurow treat these problems in language that seeks to make clear their causes and treatments. In this straightforward, highly accessible reference, Heilbroner and Thurow — two of America’s most respected and articulate economists — offer all the economics essential for becoming an effective investor, a savvy business decision maker, or simply an informed member of society.

Publisher ‏ : ‎ Touchstone; Revised edition (May 5, 1998)
Language ‏ : ‎ English
Paperback ‏ : ‎ 240 pages
ISBN-10 ‏ : ‎ 0684846411
ISBN-13 ‏ : ‎ 978-0684846415
Lexile measure ‏ : ‎ 1250L
Item Weight ‏ : ‎ 8 ounces
Dimensions ‏ : ‎ 5.5 x 0.6 x 8.44 inches

Customers say

Customers find the book easy to understand and straightforward. They say it’s a good tutorial on how to think about economics, providing a no-nonsense view of the economy and touching on traditional economic personalities like Smith, Marx, and Keynes. The book offers good value for money and is an excellent introduction to today’s economics.

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