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Man vs. Markets: Economics Explained (Plain and Simple) [Paperback]

Paddy Hirsch
4.7 out of 5 stars  See all reviews (17 customer reviews)

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Book Description

August 28, 2012
Man Vs. Markets by Paddy Hirsch of the public radio program "Marketplace" is economics explained, pure and simple. It's a book written for the layperson who wouldn't know a "bond" from an "option," and who believes that a "future" is when we'll all have flying cars. Here is an illuminating, insightful, and wonderfully witty journey of discovery through the often confusing financial markets, offering clear, relatable explanations and definitions of the system's various instruments, yet less simplistically than the popular ...for Dummies series. Man Vs. Markets is a must-read handbook for everyday investors, for serious students of finance and economics, and for anyone trying to understand the day's business and economics news.

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Editorial Reviews

Review

“A straightforward, accessible, and often hilarious overview of our financial and economic systems, products, and concepts….[T]his helpful, amusing, and engaging beginner’s guide to our financial system is sure to delight and inform readers of all ages who want to understand and navigate the markets.” (Publishers Weekly )

“This accessible, often entertaining book will serve a valuable purpose.” (Kirkus )

“This book is a must-read for the financially under-educated....This inviting text provides a good springboard for investigating more of the frightening world of finance.” (800CEORead )

“Why can’t more financial books be this fun to read? Man vs. Markets deconstructs economic theory in a way that makes learning more fun than you ever expected.” (Better Investing )

From the Back Cover

After years of TV and radio coverage, gallons of newsprint ink, and billions of scholarly opinions on the blogosphere, do we really understand the financial engineering that brought the global economy to the brink?

The terms and acronyms that make up the language of economics are enough to cause the layman's head to start spinning: leverage, securitization, futures, options, MBS, CDS, CDO. Luckily, we have veteran journalist Paddy Hirsch—senior producer at APM's Marketplace and acknowledged Whiteboard Guru—to help us crack the code. In Man vs. Markets, he proves that it's not impossible to understand what's going on in the glass-and-steel canyons of Wall Street; that most international financial transactions aren't all that different from those taking place every day in stores, in car dealerships, even on the playgrounds of Main Street.

Bonds? They're basically loans. Futures? You probably used one when you ordered your Thanksgiving turkey last year. Options? Ever bought a fully transferable, returnable airline ticket? That's pretty much the same thing.

With a winning combination of acquired wisdom, common sense, market savvy, and an outrageous sense of humor, Hirsch clearly explains and defines the instruments that power our financial system and very nearly caused its demise. Clever, insightful, hugely educational, and always entertaining, Man vs. Markets translates the often confusing language of finance, enabling every one of us to truly comprehend what makes the markets tick.


Product Details

  • Paperback: 224 pages
  • Publisher: HarperBusiness; Original edition (August 28, 2012)
  • Language: English
  • ISBN-10: 0062196650
  • ISBN-13: 978-0062196651
  • Product Dimensions: 7 x 0.6 x 9 inches
  • Shipping Weight: 12 ounces (View shipping rates and policies)
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (17 customer reviews)
  • Amazon Best Sellers Rank: #193,738 in Books (See Top 100 in Books)

More About the Author

Paddy Hirsch is a Senior Producer at Marketplace, responsible for personal finance coverage on all of the Marketplace programs and on marketplace.org. He's also the producer of the personal finance show Marketplace Money, and of the Marketplace Whiteboard, an award-winning video explainer of financial and economic terms.

Paddy got his start in journalism with an internship at the BBC in Glasgow, Scotland. His has worked in Hong Kong for CNBC; in Bosnia for the Open Broadcast Network; in Hanoi for the Vietnam Economic Times; and in the U.S. for Institutional Investor Newsletters and Standard & Poor's. Before becoming a journalist, he served as an officer in the Royal Marines.

Paddy went to school in Ireland and England. He is a graduate of the University of Warwick, and a Knight Fellow, Class of 2011. He now lives in Los Angeles, where he runs, surfs and climbs mountains in his spare time.

Customer Reviews

4.7 out of 5 stars
(17)
4.7 out of 5 stars
Enjoyable read, and very informative. M. Lioy  |  7 reviewers made a similar statement
You'll realize that things make sense, and you will love it. am92  |  2 reviewers made a similar statement
These seemed like the strongest and most interesting aspects of the book. jtk  |  1 reviewer made a similar statement
Most Helpful Customer Reviews
11 of 12 people found the following review helpful
5.0 out of 5 stars From Goodreads August 31, 2012
By EF
Format:Paperback
This is a review from GoodReads: Man Vs. Markets by Paddy Hirsch of NPR's "Marketplace" is economics explained, pure and simple, for the layperson who wouldn't know a "bond" from an "option," and who believes that a "future" is when we'll all have flying cars. Here is an illuminating, insightful, and wonderfully witty journey of discovery through the often confusing financial markets, offering clear, relatable explanations and definitions of the system's various instruments, yet less simplistically than the popular ...for Dummies series. Man Vs. Markets is a must-read handbook for everyday investors, serious students of finance and economics, and everyone who wants to understand what they're reading when they open their newspapers to the business section.
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5 of 5 people found the following review helpful
5.0 out of 5 stars Smart, Funny and Refreshingly Quirky Take on Our World September 17, 2012
Format:Paperback|Amazon Verified Purchase
Paddy Hirsch made it possible for me to understand our economy, and that's no small task given that I usually find the subject of finances an anxiety-provoking venture. I was happily surprised to find myself laughing out loud, and wondering why I'd convinced myself that I could never get a handle on our financial system. MAN VS. MARKETS is a smart and refreshingly quirky take on our world.
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4 of 4 people found the following review helpful
5.0 out of 5 stars Even if you think you know it all.... November 12, 2012
Format:Paperback|Amazon Verified Purchase
I consider myself a savvy investor knowledgeable about the vernacular used in the financial world and bought "Man vs. Markets" by Paddy Hirsch (of Marketplace) for my teenage daughter whose financial experience is limited to trading stocks and reading the IBD. To get the best return on my investment in this book I also read it and was pleasantly surprised to learn some new verbiage myself. So - an old dog can still learn new tricks - buy the book, read it and pass it on. If you find you know everything the book has to offer then I'll tip my hat to you.
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Most Recent Customer Reviews
4.0 out of 5 stars Easy to understand
The examples are so simple and helpful to understand what seems to be very complex stuff. If it wasn't for this book I would have probably been lost in my macroeconomics class. Read more
Published 22 days ago by Vero
4.0 out of 5 stars Does what it promises
Paddy explains these fairly complex ideas well using analogies that dummies like myself can understand! Enjoyable read, and very informative.
Published 25 days ago by M. Lioy
3.0 out of 5 stars Engaging vs. simplistic
Reasonably well written and many of my students liked it because it does sometimes explain economic ideas clearly. Read more
Published 25 days ago by T. M. Sell
5.0 out of 5 stars Analogy filled jaunt through the modern day financial markets
A comprehensive examination of modern day economics this book is not. Herein you find no talk of micro versus macroeconomics, no theoretical discussion of supply and demand and... Read more
Published 1 month ago by jtk
5.0 out of 5 stars A diamond from the sky dropping on the patio of a Californian yuppie...
This is a five star book despite the extremely low rating that I would assign to the video clips that advertise it. This is not a book on how not to lose your shirt in the market. Read more
Published 1 month ago by E. Pylarinou
5.0 out of 5 stars A Knock Out!
An enlightening and fun read that grabs the kid in you with accesssible examples while imparting a clear and deep understanding of today's ecomomy and how we all got here. Read more
Published 1 month ago by Mindful Money Guy
5.0 out of 5 stars Paddy Hirsch - Man v Markets
Am an avid listener and fan of Marketplace money and the Whiteboard guru. Mr. Hirsch (or does he prefer, Paddy), has a way of deciphering the "markets" for the average... Read more
Published 2 months ago by KSherman
4.0 out of 5 stars Needs more personal finance advice
This book does a great job of simplifying different economic factors but it doesn't do much to help you get your finances together. Read more
Published 3 months ago by Donovan
5.0 out of 5 stars great book
Heard about this on NPR describes complex financial transactions that led to the mes we're in in easy to understand language
Published 4 months ago by dana4shoes
5.0 out of 5 stars Great Book!
Great book and a very interesting angle to approach learning about economics and the markets in general. Read more
Published 4 months ago by Thomas
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