Economic theory in practice / A.P. O'Malley.

Format:

Book

Author/Creator:

O'Malley, A. P., author.

Series:

2014 digital library.

Economics collection. 2163-7628

Economics collection, 2163-7628

Language:

English

Subjects (All):

Economics.

United States--Economic conditions--2009-.

United States.

Physical Description:

1 online resource (72 p.)

Edition:

1st ed.

Place of Publication:

New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2015.

Language Note:

English

Summary:

This book attempts to explain what exactly "Economics" is and whether or not the theories it espouses actually work in the real world. It addresses how it is taught in colleges across the United States and the world, how it is deeply flawed and what the future holds for economies around the world, especially in the context of mega-banks that impact Main Street more now than they did in the past. This book will explore how derivatives have swarmed the balance sheets of banks and how governments throughout the "free world" have guaranteed private profits for banks, but have socialized losses for these same banks, impacting the taxpayer, and putting the economy at increased risk as volatility and leverage increase over time.

Contents:

Colonialism and economics

The free market economy and its pitfalls

Foundations of the U.S. economy

Economic indicators

"Too big to fail" banking and the Federal Reserve

What the International Monetary Fund is and how it works

Understanding fiscal and monetary policy

Index.

Notes:

Part of: 2014 digital library.

Includes index.

Title from PDF title page (viewed on December 21, 2014).

OCLC:

898491925