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The 21st Century Economy--A Beginner's Guide Paperback – April 7, 2009

4.4 out of 5 stars 7 customer reviews

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Editorial Reviews

From Publishers Weekly

Epping (A Beginner's Guide to the World Economy) offers a comprehensive guide to the global economy, arguing that economic literacy is a survival imperative in a fusion economy, where what happens in one corner of the globe can have unprecedented impact on the rest of the world. He gives a thorough and easy-to-understand explanation of the rudiments of global finance and provides readers with the tools to be able to make sense of future economic events. Sidebars scattered throughout the book go deeper into such terms and concepts as subprime mortgages, mortgage-backed securities and the difference between budget deficit and trade deficit. Epping also explores macroeconomics, the virtual economy, private equity and public good—and even how to eliminate poverty. A refreshing look at the present economic situation, minus the often confusing graphs, charts and jargon typical in works of this type, this book provides a solid understanding of economic basics, giving readers the much-needed tools they need to stay on top of future developments. (Mar.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

From Booklist

The economic upheaval of 2008 has left many investors and ordinary citizens stunned and confused, as it seems like none of the normal rules apply in this fast-paced world of electronic trading and instant information. We hear many terms thrown at us, but few understand their meaning or why they have any relevance to our own financial health. Epping, author of A Beginner’s Guide to the World Economy (1992), has created this beginner’s guide to fundamental economic terms and concepts to help the average person understand and navigate the rapidly changing twenty-first-century economy. Oft-heard but confusing terms such as credit default swap and collateralized debt obligation are defined in concise, easy-to-understand language to help readers make sense of the information overload coming via media sources like CNBC and the Internet. There is no guarantee that this guide will make you a better investor, but today more than ever it is essential that more citizens become economically literate, and this is a great place to start. --David Siegfried

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Product Details

  • Paperback: 336 pages
  • Publisher: Vintage; Original edition (April 7, 2009)
  • Language: English
  • ISBN-10: 0307387909
  • ISBN-13: 978-0307387905
  • Product Dimensions: 5.2 x 0.7 x 8 inches
  • Shipping Weight: 8 ounces (View shipping rates and policies)
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon Best Sellers Rank: #290,793 in Books (See Top 100 in Books)

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More About the Author

Charles Epping, an American citizen based in Zurich, Switzerland, is the author of A Beginner's Guide to the World Economy, published by Vintage Books, and is currently the managing director of a Swiss-based international consulting company. He is also the president of the Central Europe Foundation--which provides scholarships to students from Central and Eastern Europe. He has written several articles for Newsweek, and has been featured as a financial expert on CNN Television, CNN Espanol, and FOX 5 Good Day New York.

His most recent book, Trust, published by Greenleaf Book Group Press explores the use of a Swiss trustee account by the Hezbollah to move illegal money through the international financial system and into the hands of terrorists in the Middle East.

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Top Customer Reviews

Format: Paperback
The 21st Century Economy - A Beginners Guide is fantastic; since reading it, I feel like I can be an informed and active participant in today's politics and current events.

I am a housewife in Oregon but I want to understand what I am hearing in the news, I want to engage in the discussion and be an informed voter. This book helped me with all those things.

Epping describes economic terms in a comfortable and understandable way. He uses real world examples that I can relate with. His topics are exactly in-line with the top stories in the news. His concise explanations help me understand the current economic problems and proposed solutions. Even reading the newspaper, if I come to a term I don't understand, I just open the glossary in the back of the book and get a quick and understandable definition... no wading through dozens of confusing web searches.

This book is outstanding and necessary. I think every American, from school kids to adults, should read it.
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Format: Paperback
Years ago Randy Charles Epping wrote "The Beginner's Guide to the World Economy." It was a book that I absorbed eagerly, due to its clearly stated explanation of a topic I assumed would be difficult to understand. But it was a joy to read. I felt empowered by the knowledge it communicated.

Mr Epping has done it again with his new book "The 21st-Century Economy." The readability of this 2009 publication strikes a nice balance between its wonderfully understandable prose content and the way it is visually organized.

I like the Informational Tools interspersed throughout. Quite helpful stepping stones that kept me on track.

The 74-page Glossary is another plus.
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Format: Paperback
This is an excellent survey of all the economics topics everyone needs to know right now. Every topic is introduced, briefly discussed, and related to current events and politics. While there's more to each topic than one book can cover, this one presents everything that everybody needs to know right now. Not only that, it has all key words and names you need for further searching and reading on any individual topics of interest.

Unlike many books on popular economics, this one, while slightly left-leaning, is mostly even-sided and objective. Many others are conspiracy theories or one-sided political diatribes. (I do find the conspiracy theories kind of fun though) This book includes everything, including things like the United Nations, environmentalism, and income inequality. Whether you're a liberal or a conservative, though, these topics have an economic impact on current events, and that's what this book is about. Any survey omitting them would be incomplete.

This book should be required reading for all high school seniors, college students, and voters. I doubt even many of the politicians making major economic decisions understand these topics. Voters need to realize this!
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Format: Paperback
There is no question the economy is one of the topics at our dinner tables these days. But the media can confuse even the most knowledgeable people by making the subject overly complicated. What I like about this book is its simplicity. It does not contain any supply and demand graphs, or mathematical equations with Greek letters. It is simply, easy to understand, and it helps readers understand the economy so that they can understand the news.

The author says all the economies around the world are interconnected. A plunge in the stock market in the United States has negative effects on financial markets all over the world. If you are confused about how our country found itself in the current economic mess, how the world currencies affect our lives, what the virtual economy is, and how to invest now, then this book will be helpful.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
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