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Book Economics for Everyone - 2nd edition: A Short Guide to the Economics of Capitalism

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Economics for Everyone - 2nd edition: A Short Guide to the Economics of Capitalism

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    Available in PDF - DJVU Format | Economics for Everyone - 2nd edition: A Short Guide to the Economics of Capitalism.pdf | Language: ENGLISH
    Jim Stanford(Author)

    Book details


Economics is too important to be left to the economists. This concise and readable book provides non-specialist readers with all the information they need to understand how capitalism works (and how it doesn't).Economics for Everyone, now published in second edition, is an antidote to the abstract and ideological way that economics is normally taught and reported. Key concepts such as finance, competition and wages are explored, and their importance to everyday life is revealed. Stanford answers questions such as "Do workers need capitalists?", "Why does capitalism harm the environment?", and "What really happens on the stock market?"The book will appeal to those working for a fairer world, and students of social sciences who need to engage with economics. It is illustrated with humorous and educational cartoons by Tony Biddle, and is supported with a comprehensive set of web-based course materials for popular economics courses.

'Stanford is that rare breed: the teacher who changed your life. He has written a book - both pragmatic and idealistic - with the power to change the world' (Naomi Klein, author of This Changes Everything: Capitalism vs. the Climate and No Logo.)'Jim Stanford explains what's worth trusting in economics and what's not in an accessible way. Read this book.' (Steve Keen, Professor and Head, School of Economics, Politics & History, Kingston University, London, U.K.)‘This book helps us understand what the newspapers never explain: how these economic crises are a product of the inequalities and incapacity for social foresight that is capitalism’s everyday economics’ (Hilary Wainwright, editor of Red Pepper)'Economics for Everyone is quite simply the best critical introduction to economics you can find' (Frank Stilwell, Professor Emeritus of Political Economy, University of Sydney, Australia)'This book is clear, compelling, lively, and anger-provoking, all at once' (Robert Pollin, Distinguished Professor of Economics and Co-Director of the Political Economy Research Institute (PERI), University of Massachusetts-Amherst, U.S.A.)

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Book details

  • PDF | 432 pages
  • Jim Stanford(Author)
  • Pluto Press; 2 edition (17 Jun. 2015)
  • English
  • 9
  • Business, Finance & Law

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Review Text

  • By Mr. Greg Sawers on 25 June 2009

    I would highly recommend this book for those seeking a balanced introduction to economics. It is easily digestible whilst tackling key concepts that are normally obfuscated by conventional economic explanations- for all the wrong reasons..Whilst I would never imply that one solitary book can provide an understanding of a topic this book will serve well the reader who occasionally delves into economic matters and wants a balanced book with a good overview of the field.The effect for me was a greater understanding and a more optimistic and empowered view of economics.

  • By William Podmore on 8 December 2009

    Jim Stanford, who is economist for the Canadian Auto Workers union, has produced a useful introduction to the economics of capitalism. He shows us capitalism's basics: work, tools and profit; how it works (or doesn't) as a system; its complexity; and various challenges to capitalism. He shows up capitalism's inherent failings and proposes policies that would be in the interests of the working class, the vast majority of the population in industrial countries.He points out, "Most modern jobs and careers fall into the category of wage labour - whether they are in private companies or public agencies, blue-collar or white-collar. The stereotype of a `worker' as someone who performs menial tasks on an assembly line is badly outdated. Workers today perform a wide variety of functions, many of them requiring advanced skills. But they are still workers, so long as they perform that work for somebody else, in return for a wage or salary. Scientists in a research laboratory; surgeons in a large hospital; engineers in a construction firm - these are all workers (although culturally, they may not like to define themselves as such). They perform their labour in return for a salary, and they do not own or significantly control the organization which they work for."He shows that the capitalist class is just two per cent of the population, and note, "Many of these rich individuals work; but the key distinction here is that they don't have to work, since they own enough business wealth to support themselves very comfortably without working."He praises Cuba: "Socialist Cuba - where average health outcomes are superior to those in the US - manages to do more, given its GDP, to improve human welfare than any other country in the world. ... Cuba's admirable social achievements (its education, health, and cultural indicators outrank most developing countries, and even many developed countries) demonstrate the potential of socialism to leverage the maximum possible well-being from a given amount of material production."He also points out how employers gain from the free movement of labour: "employers are permitted to re-create abundant supplies of cheap, desperate labour by exploiting vulnerable immigrants ... Capitalists may encourage these migrations when they face uncomfortably tight labour market conditions in particular countries (in which case immigration is a convenient way to keep a lid on wages)."As he observes, "Migrants are treated as temporary, second-class citizens, often forced to return to their country of origin when their jobs are finished, and subjected to social and legal abuses in the interim. Their migration can also harm the countries they leave - especially since it is usually the best-educated, most capable people who are allowed to migrate to better-paying opportunities in other countries."

  • By eric jethro on 26 March 2010

    I bought this book as it was the recommended reading for a short beginners' course on the subject that I've begun. As someone starting out with zero knowledge of economics this was a very useful introduction to the subject. I can recommend it as a primer for any beginner.

  • By Sheri on 7 December 2009

    I'm fairly new to economics so I enjoyed the fact that the author explained the basics in simple, easy-to-understand terms.He does have an obvious political agenda as a union economist, which can be frustrating as you try to skip through the rather mindless repetition to the next good bit. It's a minor concern, but enough to distract from an otherwise great read.It did make me realise how easy it is just to accept that things are the way they are because that's the way it should be. There are other ways of running an economic system - the one we've got is just a step in an ever-evolving science.

  • By Mr. J. S. Harrison on 6 March 2013

    This book offers a very good, and more importantly, understandable introduction to economics. This view is rarely discussed, as mist people who talk on economics condone the way it is currently run in our systems. This fives you a very thorough run down as to why the boom and bust style of modern capitalism is doomed to fail, something which rich economists rarely want to discuss. Some of the most interesting points of the book are around countries where wealth distribution is mote even, and people are happier, as opposed to UK and America where the rich hog most of the wealth.The problem is, anyone interested in economics will usually study it at university, and as big universities are sometimes funded with, or in partnership with financial institution, this gives financial institutions the ability to audit what gets taught for their own financial gain.Additionally the author is very approachable on the subject through his website, and is happy for most materials to be used in conjunction with teaching.This is a very informative and startling alternative view that every citizen owes it to themselves to read.

  • By Paul Murphy on 29 October 2015

    Like most of the reviewers, I've found Jim Stanford's book to be really helpful and enjoyable [cartoons and all!] which is a lot more than you can say about most economics text-books. He writes in a way that is clear, engaging and informative - and perhaps most importantly, he writes about capitalism not as something given and inevitable, but as one more economic process on the path to something [hopefully] more equitable and just. Read this along with Naomi Klein's "Shock Doctrine" for a convincing lesson in where our current neoliberal economics has come from. Then join the fight for change...

  • By Paul Murphy on 29 October 2015

    I've written a brief review of the 2008 edition - which I am happily rereading and which I highly recommend to anyone who wants to know more about American / Canadian/UK economics in a clear, accessible way. That book came out just before the financial crash of 2008 - I'm curious to know what new insights and lessons Jim Stanford has to offer. I believe there is also a website linked to the book, which I intend to check out...


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