Bøker av Justin Velez-Hagan

When financial crises initiated a global recession in 2008, massive public debt forced policymakers in the developed world to impose tough fiscal consolidations to counter growing deficits. The most effective solutions, however, were often the ones most counterintuitive and least politically feasible, catching policymakers in a fiscal paradox.

Although it may sometimes seem like studying trigonometry in Latin, basic economics really is just plain common sense. But, it's become so complicated in its presentation that very few are able to learn the basics. Whether academics, researchers, pundits, or legislators, few seem to have the skills to present economic topics in easy-to-understand language, or they simply don't know very much themselves. With such misinformation being strewn about, it's easy to see why the average citizen, first-year economics student, young professional, or even elected official becomes so easily confused. The truth, however, is that basic economics is actually quite simple and even more commonsensical . . . and it should be explained that way. It rarely is, however, and that's why I've written this book: to explain the basics of the basics in simple and easy-to-understand language that isn't drier than the Atacama Desert, without the charts, graphs, and formulas typically found in text books. Adding in an occasional dash of humor and politics, this book is intended to be a fun, Cliff's Notes-style supplement to the typical basic econ textbook, but can also be used as a standalone introduction. Topics include most of the themes presented in an Econ 101 course, as well as a number of end-of-chapter discussions on the policies relevant to economics today.