An accessible, thoroughly engaging look at how the economyreally works and its role in your everyday lifeNot surprisingly, regular people suddenly are paying a lotcloser attention to the economy than ever before. But economics,with its weird technical jargon and knotty concepts and formulascan be a very difficult subject to get to grips with on your own.Enter Greg Ip and his Little Book of Economics. Like apatient, good-natured tutor, Greg, one of today's most respectedeconomics journalists, walks you through everything you need toknow about how the economy works. Short on technical jargon andlong on clear, concise, plain-English explanations of importantterms, concepts, events, historical figures and major players, thisrevised and updated edition of Greg's bestselling guide clues youin on what's really going on, what it means to you and what weshould be demanding our policymakers do about the economy goingforward.* From inflation to the Federal Reserve, taxes to the budgetdeficit, you get indispensible insights into everything that reallymatters about economics and its impact on everyday life* Special sections featuring additional resources of everysubject discussed and where to find additional information to helpyou learn more about an issue and keep track of ongoingdevelopments* Offers priceless insights into the roots of America's economiccrisis and its aftermath, especially the role played by excessivegreed and risk-taking, and what can be done to avoid anothereconomic cataclysm* Digs into globalization, the roots of the Euro crisis, thesources of China's spectacular growth, and why the gap between theeconomy's winners and losers keeps widening