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How Economics Works
Discover everything you need to know about economics with this unique graphic guide.
Combining clear, jargon-free language and bold, eye-catching graphics, How Economics Works is a comprehensive and user-friendly guide to all aspects of economics.
Covering everything from economic theories to economies in action, the book presents the groundbreaking ideas of key economists—from Adam Smith and John Maynard Keynes to Joseph Schumpter and Milton Friedman—in a uniquely visual and easy-to-understand way. Beginning with foundational economic ideas, such as scarcity, marginalism, and the free market, entries then explore the role of choice, markets, trade, and finance, and how whole economies work and are influenced by decisions made by governments and central banks, such as raising taxes or interest rates.
With its unique graphic approach and clear, authoritative text, How Economics Works is the perfect introduction to the subject.
Combining clear, jargon-free language and bold, eye-catching graphics, How Economics Works is a comprehensive and user-friendly guide to all aspects of economics.
Covering everything from economic theories to economies in action, the book presents the groundbreaking ideas of key economists—from Adam Smith and John Maynard Keynes to Joseph Schumpter and Milton Friedman—in a uniquely visual and easy-to-understand way. Beginning with foundational economic ideas, such as scarcity, marginalism, and the free market, entries then explore the role of choice, markets, trade, and finance, and how whole economies work and are influenced by decisions made by governments and central banks, such as raising taxes or interest rates.
With its unique graphic approach and clear, authoritative text, How Economics Works is the perfect introduction to the subject.
224 pages, Hardcover
Published July 9, 2024
22 people are currently reading
136 people want to read
About the author
D.K. Publishing
9,071 books2,079 followersDorling Kindersley (DK) is a British multinational publishing company specializing in illustrated reference books for adults and children in 62 languages. It is part of Penguin Random House, a consumer publishing company jointly owned by Bertelsmann SE & Co. KGaA and Pearson PLC. Bertelsmann owns 53% of the company and Pearson owns 47%.
Established in 1974, DK publishes a range of titles in genres including travel (including Eyewitness Travel Guides), arts and crafts, business, history, cooking, gaming, gardening, health and fitness, natural history, parenting, science and reference. They also publish books for children, toddlers and babies, covering such topics as history, the human body, animals and activities, as well as licensed properties such as LEGO, Disney and DeLiSo, licensor of the toy Sophie la Girafe. DK has offices in New York, London, Munich, New Delhi, Toronto and Melbourne.
Source: Wikipedia.
Established in 1974, DK publishes a range of titles in genres including travel (including Eyewitness Travel Guides), arts and crafts, business, history, cooking, gaming, gardening, health and fitness, natural history, parenting, science and reference. They also publish books for children, toddlers and babies, covering such topics as history, the human body, animals and activities, as well as licensed properties such as LEGO, Disney and DeLiSo, licensor of the toy Sophie la Girafe. DK has offices in New York, London, Munich, New Delhi, Toronto and Melbourne.
Source: Wikipedia.
Ratings & Reviews
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Displaying 1 - 3 of 3 reviews
February 11, 2025
DO NOT BUY/READ THIS BOOK!!! It has inaccuracies in it!
p.46/7 Confuses description of perfectly elastic and perfectly inelastic
p.90/1 says that "total value of exported goods and services subtracted from the total value of imports" Net exports are exports minus imports or in other words imports subtracted from exports
Calls controlling the money supply fiscal policy and levying taxes monetary policy
Loosely uses the terms capital and resources
I wanted to like this book so much because the illustrations are beautiful and help tell the story and I like the concept of introducing just the main ideas to a novice. However, someone new to economics is not going to know that the above statements are wrong and who knows which mistakes I've missed. I simply can't recommend an economics book that has mistakes in its explanations of economics.
This is the first ever review where I typed a message and I hate that it's negative. But you should beware trying to learn economics from this resource.
p.46/7 Confuses description of perfectly elastic and perfectly inelastic
p.90/1 says that "total value of exported goods and services subtracted from the total value of imports" Net exports are exports minus imports or in other words imports subtracted from exports
Calls controlling the money supply fiscal policy and levying taxes monetary policy
Loosely uses the terms capital and resources
I wanted to like this book so much because the illustrations are beautiful and help tell the story and I like the concept of introducing just the main ideas to a novice. However, someone new to economics is not going to know that the above statements are wrong and who knows which mistakes I've missed. I simply can't recommend an economics book that has mistakes in its explanations of economics.
This is the first ever review where I typed a message and I hate that it's negative. But you should beware trying to learn economics from this resource.
March 14, 2025
A comprehensive survey of economic principles and philosophy with illustrations to unpack the ideas as simple as possible. Having taken a few economics classes in college, I was curious about a revisit. This book delivered a full review plus expanding ideas that have developed in the last 20 years (environmental economics, crypto currency, examples from a global pandemic, etc.)
August 25, 2024
An overview of the basics of micro and macroeconomics that I think could work well within government class. More of a reference text that could provide information to create activities from.
Displaying 1 - 3 of 3 reviews