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The world economy is a system in which we are all involved. It seems difficult to understand, but Korean economist Ha-Joon Chang is convinced that 95 percent of economic theory is just common sense, given a complex form with terminology and mathematics.
Anyone can learn the basics of economics, develop critical thinking and the ability to understand what is going on and how to act. Picked books to help make sense of it all .
Ten equations that rule the world
There are formulas that help you estimate the probability of an event occurring. There’s a theorem that helps you stay calm in the midst of panic. In this book are 10 equations that characterize different processes, from investment banking to social media. To see the situation as a whole.
How the economy works
How does the world economy work? There are many theories, from classical to Keynesian. The book covers them all, but there is no one correct approach. It’s more effective to use a set of tools that help you better understand how everything is connected.
An economist walks into a brothel
A paparazzi. A surfer. A producer. None of the characters in this book received a master’s degree in economics. Yet they all brilliantly apply the strategies of financiers to manage risk. The book contains five rules that help you assess risk and make decisions.
Economics .
A history of economic thought in pictures. What is the difference between capitalism, socialism, and communism? How did the economy go global? How has it been affected by wars, climate change, and limited resources? It’s all plain and simple.
50 Inventions that Created the Modern Economy
There are things that have changed our world: the plow, paper, barcodes… Each has touched a complex web of economic connections: sometimes tangling, sometimes breaking old webs, and sometimes creating new patterns. Fifty such inventions are in this book.
The Great Debt Crises.
Ray Dalio, billionaire and one of the world’s 100 most powerful people, has analyzed how economic crises play out. It turns out that there are certain scenarios. By understanding them, we can know what to prepare for – and minimize our losses.
First Money Book.
Financial literacy for kids as young as 3 years old. Will help them understand what money is, where it comes from and why it is needed, what the price is, the bank and the ATM. Inside, there are moving parts: an ATM where you can insert a card, an envelope with money, a cash register and a real piggy bank.
Your First Million
A book on personal finance and investing for schoolchildren. Will help you understand what money is and make good financial decisions. Colorful illustrations and light, ironic language will help you figure it all out.
